India, Aug. 30 -- Latest wave of financial aid is coming to Alaskans, a program of the Permanent Fund Dividend (PFD) by the state, unlike the federal stimulus check that was distributed during the pandemic, which guaranteed Alaskans a portion of the oil and mineral wealth within the state.

For 2025, eligible residents will receive $1,702 each, through the Permanent Fund's investment performance and state budget considerations.

The PFD program, launched in 1982, was created to give all Alaskans a direct benefit from the state's abundant natural resources. The money comes from investment earnings tied to Alaska's oil and mineral royalties.

The Alaska Permanent Fund Corporation oversees the investment of the fund itself, which has grown i...