RM11.1b disbursed under BPN to date

Finance minister says the govt’s subsidy for the My30 unlimited travel pass has reached RM20.4 million

by ALIFAH ZAINUDDIN & DASHVEENJIT KAUR/ pic by TMR FILE

A TOTAL of RM11.14 billion was distributed as of July 20, under the Bantuan Prihatin Nasional (BPN) involving more than 10.4 million recipients.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (picture) said the payment of RM125 million for the appeal group involving 160,000 applicants, has been successfully credited as well.

As for Household Living Aid (BSH), the third phase will be implemented from tomorrow involving RM3 billion and benefit almost 4.28 million recipients comprising of 3.75 million households and 530,000 bachelors (40-59 years).

The minister said it also takes into account 3.8 million children of BSH recipients aged 18 and below. In terms of business assistance, the Prihatin Special Grant for micro, and small and medium enterprises (SMEs) has benefitted 545,000 recipients with RM1.64 billion disbursement.

For the wage subsidy programme, a total of RM7.82 billion has been approved, which benefitted more than 2.55 million employees as of Monday. The total payout stood at RM7.39 billion, benefitting 2.54 million workers.

In addition, the Bank Simpanan Nasional microcredit scheme has had 11,210 SMEs applications worth RM370.81 million approved.

For one-off cash payments such as BPN, assistance to higher institution students, e-hailing and taxi drivers, government retirees and others, the implementation rate is at 91%, with payments of RM14.3 billion.

As for initiatives involving implementation within a period of three to six months such as electricity bill discounts, wage subsidies, loan repayment moratorium, Employer Covid-19 Assistance Programme, Employees Provident Fund and others, it is 54% completed, amounting to RM68 billion.

“This is an impressive rate as we are in the middle stage of implementing these measures,” Tengku Zafrul said.

He stressed that it is important to recognise that Malaysia is not out of the woods yet and be prepared for the possibility that the situation could get worse before it gets better.

“This is because, as an open economy, our recovery is also partly dependent on how well the global economy recovers. Within our shores, however, we can have more control over certain outcomes.

“One effort we can undertake is to seek early assistance on repaying our financial obligations if we feel that we may need more time to set our finances on a stronger footing,” he added.

Additionally, a total of 119,844 My30 unlimited travel passes were sold to public transport users as of Monday.

The government’s subsidy for the pass that offers commuters unlimited rides for 30 days on mass rapid transit (MRT), light rail transit, monorail, bus rapid transit, RapidKL buses and MRT feeder buses has reached RM20.4 million.

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