The Company for Location and Restitution of Holocaust Victims Assets will provide each Holocaust survivor living in Israel with an additional NIS 700 ($200) grant for the winter season, raising the monthly sum total of assistance funds to NIS 1,900 ($545) per survivor.

Close to NIS 21.5 million (about $6,167,000) will be allocated for stipends, Israel Radio reported Wednesday, a rise of NIS 8 million ($2.3 million) compared to the past quarter.

Company chairman Micha Harish said the decision to increase the grant money was suggested in order to assist survivors in buying basic products for the winter, such as blankets, heaters and emergency lighting.

The Company for Location and Restitution of Holocaust Victims Assets provides over NIS 100 million each year to 11,300 Israeli Holocaust survivors in need.