Phase 2 of BPN payout to begin May 4 - Tengku Zafrul

Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz said, this would cover all eligible recipients, both households and single individuals, in the bottom 40 (B40) and middle 40 (M40) groups.

“As of April 26, more than 3.26 million new applications as well as appeals had been received. They comprised 2.96 million new applications and 305,000 appeals,” he said when tabling the third Prihatin Rakyat Economic Stimulus Package Implementation report today.

He also gave a reminder that Thursday, April 30, was the deadline for submission of applications and appeals for the one-off cash assistance.

“The payout announcement will be made next week following the completion of the review process,” Tengku Zafrul said.

Under the first phase of the BPN handouts, the government disbursed RM5.47 billion to 7.74 million recipients, he said.

Tengku Zafrul said, cash payments to those who did not have a bank account started on April 17 and the process had proceeded smoothly with more than 157,000 people having received the cash aid at Bank Simpanan Nasional branches nationwide.

Meanwhile, on the easy financing facilities to assist small and medium enterprises (SMEs) made available since March 6, he said, RM4.5 billion of the RM6.3 billion fund administered by Bank Negara Malaysia had been approved for 8,500 SMEs up to last Sunday.

“Regarding the (RM2.1 billion) Special Prihatin Grant for micro-enterprises, they can begin applying for the grant (of RM3,000 per company) from this Friday. The application process will be overseen and announced by the Inland Revenue Board in the near future,” he added.

On the Wage Subsidy Programme to assist employers in retaining their workers, Tengku Zafrul said up to April 26, the government had approved applications from 195,000 employers involving 1.5 million workers compared with 159,000 employers involving 1 million workers a week earlier.

“This raised the amount to RM1.35 billion, up from RM1.2 billion in the previous week,” he said.