A $200 back-to-school giveaway for needy kids sparked a mad rush for money on the streets of New York on Tuesday.

“It’s free money!” said Alecia Rumph, 26, who waited in a Morris Park, Bronx, line 300 people deep for the cash to buy uniforms and book bags for her two kids.

“Thank God for Obama. He’s looking out for us.”

Thousands of people lined up at banks and check-cashing shops to withdraw the cash that magically appeared on their electronic benefit cards.