Prihatin packages continue to show results


THE Economic Stimulus Implementation and Coordination Unit Between National Agencies continues to fulfil various initiatives under the Prihatin Rakyat Economic Stimulus Package that are expected to expedite the country’s economic recovery.

According to a statement by the Ministry of Finance (MoF), about RM4.08 billion has been approved for 295,265 employers under the wage subsidy programme for over 2.31 million workers as of June 12.

MoF said employers may now apply for the enhanced programme beginning on Monday (June 15).

The moratorium that began from April 1 now has an estimated value of RM40 billion, while the Employer Covid-19 Assistance Programme has, as of June 12, received 31,400 applications.

Of the total, 7,194 applications totalling up to RM47.9 million in contributions have been approved, an increase from the previous RM42.9 million.

A total of RM7.8 billion under the small and medium enterprise soft loans fund that are organised by Bank Negara Malaysia have also been approved by local banks.

The fund, which would benefit 18,449 businesses, includes the special relief facility and agrofood facility funds.

Meanwhile, under the Bank Simpanan Nasional’s micro credit scheme and Tekun Nasional, 6,074 applications by micro-businesses have been approved, valued at RM216.7 million and RM166.16 million for 21,674 applications respectively.

Under the Bantuan Prihatin Nasional, a total of payment involving RM162 million will be provided by the end of June 2020 to 191,000 applications that were received by the Inland Revenue Board.

Similarly, the i-Lestari programme that is provided by the Employees Provident Fund involves an approved payment of as much as RM1.98 billion per month to 4.4 million applicants.

In its goal to support businesses, the special Prihatin grant will be paying up grants worth RM1.46 billion in total to 488,587 approved applicants as of May 31, starting from Monday.

The application period for any non-approved requests has been closed as of Monday, while the total number of requests stands at 642,976.