Almost 25% of Malaysians have been deemed eligible to receive cash aid from the Federal Government’s 1Malaysia People’s Aid (BR1M).
Out of 8.4 million applications, 7.2 million Malaysians have been approved to receive the cash handouts, according to Deputy Finance Minister Chua Tee Yong.
â€œThis is in line with the World Bankâ€™s initiative that aid should be given in the form of direct and targeted subsidy,â€œ he told The Star Online.
He asserted that direct subsidy programmes such as BR1M would avoid “leakages”, where recipients would not be able to enjoy the full benefits of government aid.
In total, RM5.2 billion will be distributed to the 7.2 million applicants. Selangor residents will receive the largest share of that payout, with RM726 million.
Chua assured those who were informed by the Inland Revenue Board that they were ineligible for the BR1M aid could file an appeal.
He added that out of the 1.2 million whose applications were rejected, 94% of the 500,000 who failed and appealed in 2014 were subsequently approved for BR1M.
A sum of RM950 will be given to successful applicants whose household income is less than RM3,000, RM750 to those between RM3,000 and RM4,000 whereas single individuals earning RM2000 and less will receive RM350.-MYNEWSHUB.CC