VERNONCHAN.COM
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.
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.
Amidst the brouhaha of Malaysia’s political affairs, interim prime minister Tun Dr Mahathir Mohamad announced the 2020 Economic Stimulus Package. Valued at MYR20 billion, the stimulus package is anchored on three pillars: mitigating the impact of COVID-19; spurring people-centric economic growth; and promoting quality investments.
mySalam, the Government’s free public healthcare protection scheme introduced under Budget 2019, has been given a boost to cover more critical illnesses and an extended B40 and M40 groups.
[NOTE] Applications for M40 group close after 31 March 2020.
As announced at the recent Budget 2020, Malaysians under the B40 (below 40%) group will enjoy petrol subsidies for RON95 petrol. These subsidies will impact some 2.9 million Malaysians who mostly fall under the current Bantuan Sara Hidup (BSH) scheme.