Finance Minister Tengku Zafrul Abdul Aziz has announced that the government will increase the monthly rate of financial assistance for vulnerable groups, such as the disabled and chronically ill patients. With this, it is hoped that their welfare will be better safeguarded and enhanced.

Here’s a summary of the new monthly rate of financial assistance to be provided for each vulnerable group under Budget 2021, in comparison to its existing rate:

Vulnerable groups	Existing monthly financial aid/incentive allowance	New monthly financial aid/incentive allowance
Disabled persons (OKU) incapable of work	RM250	RM300
– Senior citizens – Chronically ill patients – Caretakers of bed-ridden OKU	RM350	RM500
Disabled (OKU) workers	RM400	RM450
– Children	RM100 per child *maximum RM450 per family	– RM200 per child (6 years old and below) – RM150 per child (7 to 18 years old) *maximum RM1,000 per family

This increase involves an provision of RM2.2 billion, and will benefit more than 400,000 beneficiaries.

Apart from that, the government will also introduce the Perlindungan Tenang Voucher Programme to provide better social protection for the B40 group. All B40 aid recipients will be entitled to an RM50 voucher to purchase products from Perlindungan Tenang, a basic insurance and takaful scheme aimed at increasing the insured population in Malaysia.

On top of that, the government will also extend the stamp duty exemption period on all Perlindungan Tenang products with an annual premium or contribution value not exceeding RM100 until 2025.

• TAGS:
• B40
• B40 Households
• Monthly Financial Aids For The Vulnerable
• Perlindungan Tenang
• Perlindungan Tenang Voucher Programme
• Tengku Zafrul Abdul Aziz
• Vulnerable Groups