Government Offers Second Round Of Cash Aid Under Bantuan Prihatin Nasional (BPN 2.0)
Author Avatar

The government will be giving out a second round of the Bantuan Prihatin Nasional (BPN) cash aid, dubbed “BPN 2.0”. The cash aid is offered as part of the government’s new KITA PRIHATIN Package announced today.

As stated by Prime Minister Tan Sri Muhyiddin Yassin, the BPN 2.0 will be given out as follows:

  • RM1,000 to 3.7 million B40 households
  • RM500 to 3.8 million B40 individuals
  • RM600 to almost 1.4 million M40 households
  • RM300 to 1.7 million M40 individuals.

The BPN 2.0 payments will be distributed in two stages: the first at the end of October 2020, and the second in January 2021. B40 households will receive RM700 in October and RM300 in January.

According to the Prime Minister, no application is required in order for eligible parties to receive the BPN 2.0. The government will channel the aid directly to the 10.6 million recipients who have been approved under the previous BPN programme. For those who are eligible but never received the initial BPN payment, the government will be accepting appeals and new applications.

Unlike the first round of BPN payouts announced in March, Tan Sri Muhyiddin Yassin did not elaborate on the specific income brackets for the B40 or M40 individuals and households who would qualify for this aid. Given that eligibility for BPN 2.0 is based on that of the first round of BPN payments, it is likely that the qualifying income range also remains the same:

  • B40 households: Households earning RM4,000 and below
  • M40 households: Households earning between RM4,001 – RM8,000
  • B40 individuals: Single individuals 21 years and above earning RM2,000 and below
  • M40 individuals: Single individuals 21 years and above earning RM2,001 to RM4,000

“I hope that with the additional aid given, citizens can breathe more easily in bearing the cost of their daily expenses and those of their household too,” said the Prime Minister.

The government has allocated a sum of almost RM7 billion for the additional cash handouts under BPN 2.0. Overall, the new initiatives introduced under KITA PRIHATIN – which also include a second wage subsidy programme – totalled up to an expense of RM10 billion.

4.4 23 votes
Article Rating

SHARE

Comments (2)

Subscribe
Notify of

2 Comments
Inline Feedbacks
View all comments
K. Suresh
3 years ago

What about pensioners?

Goh Guan Chun
3 years ago

Are sixth form students eligible for BPN 2.0?

Top Featured Articles
Top Featured Articles
Post Image
Best Fixed Deposit Accounts In Malaysia – April 2024
ringgitplus
- 1st April 2024
We provide monthly updates on the best fixed deposit rates in Malaysia with tables showing the top 5 rates for the duration of 1, 3, 6, 9, and 12 months.
Post Image
Historical EPF Dividend Rates
ringgitplus
- 4th March 2024
Ever wondered how this year's EPF dividend rate compares to previous years? We got you covered with our historical 11-year chart!
Post Image
How To File Your Taxes For The First Time
Alex Cheong Pui Yin
- 18th March 2024
If you’ve just entered the workforce, here’s a handy guide on how to file your taxes for the first time.
Post Image
Malaysia Personal Income Tax Guide 2021 (YA 2020)
Jacie Tan
- 25th March 2021
NOTE: This is the income tax guide for the year of assessment 2020. If you are filing your taxes […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image