PM Announces Aid For Eligible Recipients Under MCO 3.0 BPR Aid Package
During the announcement yesterday, Prime Minister Tan Sri Muhyiddin said that households with monthly income below RM2,500 can receive RM500 while those earning RM 2,501 to RM5,000 are eligible to receive RM300 under the MCO 3.0 BPR aid package.
As for singles, each person who earns below RM2,500 will be eligible to receive RM100 and the payment will be credited to your account by the end of June. According to the Malaysian PM, this is in addition to the final payment phase of the BPR in September totaling to RM2.4billion.
If you’re under the B40 group and is affected by loss of jobs as well as micro enterprises and SMEs that are not allowed to operate during the MCO 3.0 period, you will be given the option to obtain an automatic moratorium approval for 3 months or a reduction in repayment in installments of 50% for a period of 6 months on loans.
The initiative will be implemented in June 2021 and is expected to aid more than 5 million borrowers with a value of up to RM30billion.