India, July 28 -- Alaska residents are set to receive a significant financial boost with the upcoming distribution of a $1702 stimulus payment through the state's annual Permanent Fund Dividend (PFD) program. Established in the early 1980s, this unique initiative allocates a portion of Alaska's oil revenues directly to its citizens, providing economic relief and supporting the local economy.

Approximately 600,000 residents are eligible, with payments scheduled for those with applications in "Eligible - Unpaid" status as of August 13, 2025, to be disbursed on August 21, 2025.

To qualify for the $1702 payment, applicants must meet specific criteria: they must have resided in Alaska continuously throughout 2023, avoiding claims of residenc...