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President Barack Obama has come to preside over US when the economy is going through one of the historic depressions. He seems all set to fight the situation and help the common lead a care free life once again.

For this he has launched one of the biggest package of US to help the home owners and other individuals - it is worth $ 1 trillion! It is divided in to home loans, grants, tax credits, incentives, etc. Now, Obama's Economic Stimulus Grants include all necessary expenditures connected to your living - food, clothing, shelter, education, debts, etc.

Here are some tips that would help you avail the Economic Stimulus Grants:

The key for getting a grant is right knowledge & time. Read through the Federal Government websites properly and make sure that you know the right category or loan that you qualify for.

You must fill in your form online as soon as possible, but remember the information you furnish there must be accurate & you must have proofs of the same. Furnishing any wrong details or hiding out the important details may put you in to trouble.

Do not get involved with any frauds. Remember these grants are directly given by the Federal Government agencies directly. Any one who says that against some commission or charge they can help you get the grant, they are befooling you.

The eligibility criteria to get the grant for an individual is quite simple:

- You must be 18 years of age.

- The need or requirement for money must be legal & valid.

- One must be a citizen of US.

Besides these, some of the grants have specific needs like your minimum income, how much tax do you pay, etc. These vary upon each type of grant. You must check for these pointers carefully.

In case you are eligible for more than one grants, you can apply for the same.

The US Federal Housing & Urban Development department (HUD) is looking after grant allotment. They are doing this though several agencies. You must read their website to see which agency you must need to get your grants.