noun
compensation payment; cooperation payment
A payment made to individuals or businesses for cooperating with a government scheme or request, often voluntary. Common in contexts like COVID-19 business closure compensation.
政府は休業要請に応じた店舗に協力金を支給した。
The government provided compensation payments to stores that complied with the closure request.
The deadline to apply for the cooperation payment is the end of this month.
給付金 is a broader term for benefits or grants, not necessarily tied to cooperation; 協力金 is a type of 給付金 given for cooperating.
Compound of 協力 (cooperation) and 金 (money). A modern administrative term.