In his special address today, prime minister Muhyiddin Yassin addressed issues with the Bantuan Prihatin Nasional (BPN)—the cash relief scheme for the B40 and M40 groups—introduced as part of the “Prihatin Rakyat” Economic Stimulus Package. Answering the plight of those who qualify for the scheme but failed to receive their relief packages, the government is extending the deadline for appeals to 31 May 2020.
As part of the MYR250 billion “Prihatin Rakyat” Economic Stimulus Package, the government announced a slew of relief initiatives to cushion the impact of COVID-19 and the Movement Control Order (MCO). One of the key highlights is Bantuan Prihatin Nasional (BPN)—a cash relief scheme for the B40 and M40 groups.
In another special address today, prime minister Muhyiddin Yassin announced additional relief initiatives under the “Prihatin Plus” Economic Stimulus Package (Pakej Prihatin PKS Tambahan) targeted specifically at the small and medium enterprises (SMEs). An additional MYR10 billion has been allocated to help SMEs retain jobs for their employees.
Today, prime minister Muhyiddin Yassin announced that the disbursement of Bantuan Prihatin Nasional (BPN) cash relief will be fast-tracked, answering the plight of the B40 and M40 groups amidst the COVID-19 and Movement Control Order (MCO). Cash disbursements will start this coming Monday, 6 April 2020.
Announced last week, the people-centric MYR250 billion “Prihatin Rakyat” Economic Stimulus Package aims to cushion the impact of the COVID-19 outbreak and designed to benefit all segments of society. One of the key highlights is the MYR10 billion cash relief Bantuan Prihatin Nasional (BPN) scheme that would impact 9 million households and individuals in the lower-income B40 and middle-income M40 groups.
As one of the relief initiatives to help the people weather the impact of the COVID-19 outbreak, the government announced that Malaysians can withdraw funds from their Employee Provident Fund (EPF) accounts starting 1 April 2020.