Part of the aid package goes to pure support, while it also gives unions the opportunity to borrow money interest-free, the International Football Association announces on its website.
It is also clear that half of the billion package will be aimed at women's soccer.
Fifa chairman Gianni Infantino says that the crisis package has been "uniformly approved" by the members of Fifa's decision-making council and emphasizes that there will be "strict controls" on how the money is spent.