Ten million Malaysians to receive Covid-19 financial aid from Sept 6: PM

Malaysian Prime Minister Ismail Sabri Yaakob said the payments would be made in three phases according to income tiers.
Malaysian Prime Minister Ismail Sabri Yaakob said the payments would be made in three phases according to income tiers.PHOTO: REUTERS

PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Some 10 million Malaysians will begin receiving their Covid-19 special assistance from Sept 6, says Malaysian Prime Minister Ismail Sabri Yaakob.

"I have taken note of the issue of late payments of the Covid-19 Special Assistance which was supposed to have been implemented in August. As such, I have directed the Finance Ministry to speed up the payments.

"Today, a total of RM3.1 billion (S$1 billion) in funds have been channelled to the relevant financial institutions (for the purpose)," he said in a statement on Wednesday (Sept 1).

Bernama reported that Finance Minister Tengku Zafrul Abdul Aziz said that phase one of payments would be made in stages from Sept 6 for B40 recipients and Sept 9 for M40 recipients.

He said the allocation totalling RM3.1 billion would benefit 4.4 million households comprising 1.1 million single senior citizens and 4.5 million single individuals.

Mr Ismail added that the payments would be made in three phases to benefit the eligible hardcore poor, B40 group, senior citizens, M40 group and singles.

He said the special aid payments would be credited to the accounts of recipients under the first phase beginning this Sept 6 and would be fully disbursed by Sept 10.

"I am always sensitive towards the rakyat's hardship and hope that the aid payments will help to lighten their burden due to the effects of Covid-19. The government remains committed to ensuring the well-being of the Malaysian Family, especially the targeted groups," Mr Ismail said.

The special aid is an initiative under the Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (Pemulih), which was announced by the government in January this year.

The hardcore poor, including senior citizens and B40 with household income of less than RM5,000 will get RM500, while singles from this category earning less than RM2,500 will receive RM200 under the first phase.

M40 households earning between RM5,001 and RM9,000 would receive RM250, while singles in this category earning between RM2,501 and RM5,000, would get RM200 under the first phase.