52,000 micro-SMEs to receive GKP 2.0 tomorrow

by ASILA JALIL / pic by RAZAK GHAZALI

A TOTAL of RM155 million will be credited to about 52,000 micro small and medium enterprises (SMEs) tomorrow, whose appeals under the government’s Prihatin Special Grant 2.0 (GKP 2.0) had been approved.

Finance Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz (picture) said the payment will be credited to registered bank accounts under the application for the appeal of the special grant and applicants can check their approval status on today via GKP portal.

“Taking into account GKP 1.0 and GKP 2.0, including the approved appeals, the total amount of GKP recipients is close to 900,000 micro-SMEs, amounting to RM2.7 billion of monetary assistance,” he said in a statement yesterday.

The government had reopened applications for GKP 2.0 which is parked under the Kita Prihatin economic stimulus package, to provide a one-off financial assistance worth RM3,000 to eligible micro-SMEs that have not received the assistance previously.

Previously, the GKP 1.0 and GKP 2.0 had channelled a total of RM2.55 billion to more than 850,000 micro-SMEs nationwide.

The application for GKP 2.0 appeals were open from Dec 7 until Dec 21 last year, and each application that was approved by the Inland Revenue Board had been verified and cross-checked with data from related government agencies, including local authorities and the Companies Commission of Malaysia.

He said the additional allocation for GKP this year had been announced in Budget 2021, where an assistance of RM1,000 via the additional GKP will be given to traders in Sabah.

This is estimated to benefit 50,000 micro-SMEs with an allocation of RM50 million.

Under the Malaysian Economic and Rakyat’s Protection Assistance Package (Permai), GKP Permai is allocated for 815,000 SMEs in all states that are placed under the Movement Control Order (MCO) with a payment of RM1,000, while 35,000 SMEs that are not under MCO will receive RM500.

The GKP Permai initiative includes an additional allocation of RM830 million, he said.