The 1Malaysia People’s Aid (BR1M) will be distributed for the second time and this has been announced that a payment of RM500 (instead of RM250 after much clarification in the news) will be given to households earning less than RM3,000 per month.
In addition to the above, those who are single unmarried and aged 21 and above but earning not more than RM2,000 a month will also be entitled for the BR1M RM250 Aids.
RM3bil is allocated to be paid out early next year under BR1M 2.0 and this round would benefit 4.3 million households and 2.7 million single unmarried individuals.
Existing BR1M recipients will not be required to register for the second time, while new applicants could register beginning November 2012 via online or at the counters of state development offices, district offices and Inland Revenue Board offices nationwide.
The first payout under BR1M benefited 4.3 million households and involved a government allocation of almost RM2.16bil.
1 Oct 2012 – Finance Ministry: BR1M 2.0 not for tertiary students
Tertiary students aged 21 and above are not entitled to the RM250 under the 1Malaysia People’s Aid (BR1M) 2.0 which is meant for single unmarried people aged 21 and above earning less than RM2,000 per month, the Finance Ministry clarified Monday.
The students were, however, entitled to receive the 1Malaysia Book Voucher to be given out a second time, with the sum raised by RM50 to RM250, to benefit 1.3 million students nationwide. – The Star
2 Oct 2012 – BR1M 2.0 payouts from January 2013
Deputy Finance Minister Datuk Donald Lim Siang Chai said, the government would make a separate announcement on BR1M 2.0 within the next two weeks. Application forms are expected to be distributed by the end of this month to facilitate payouts that would take place in January.
He said those who have registered and received the previous payout need not register again. “Those who feel they were eligible but were unsuccessful for various reasons would have to put in fresh applications,” he said.
On the RM250 book voucher, Lim said university students who had applied for the previous handouts would not be eligible for BR1M 2.0. He said the government would vet all applications to avoid double payments. – The Malay Mail
See below the full speech in Budget 2013 for the above provision:
Bantuan Rakyat 1Malaysia (BR1M)
134. This is a people’s Government, from the rakyat to the rakyat. The prosperity of the nation and the well-being of the rakyat is our ultimate objective. The Government will not take any action that will jeopardise the future of the people. Others make empty promises; offer free goods and debts that need not be repaid; and promise the moon and the heavens just to gain power. However, as the Minister of Finance, I will not hide the truth though it may be painful. In short, this Government will not mislead the rakyat.
135. In this respect, the Government is currently undertaking a subsidy rationalisation initiative and gradually shift the provision of the bulk of subsidies that lead to leakages, and benefit the high-income group, to targeted subsidies under this principle. In reality, subsidies continue to be given to groups that truly need the subsidies. If the Government continues to provide the bulk of subsidies, it will adversely affect the financial position of the country, and causing the rakyat to bear the consequences, as has been in other countries. As a responsible Government, we will never allow this to occur.
136. In line with the move towards targeted subsidy, the Government is committed in ensuring every segment of the society is able to enjoy the wealth of the nation. This can only occur if the economy continues to record sustainable growth and the nation is able to generate income, I am glad to announce the distribution of Bantuan Rakyat 1Malaysia (BR1M 2.0). The criteria remains the same, where the head of the household earning less than RM3,000 is eligible for the assistance. In addition, I am pleased to announce that this assistance will be extended to single unmarried individuals aged 21 and above and earning not more than RM2,000 a month. This assistance amounts to RM250.
137. As the matter of fact, the assistance to household and single unmarried individuals is not a populist move, but the reflection of a Government that is responsible and capable of managing the nation’s finance prudently. This will benefit 4.3 million households and 2.7 million single unmarried individuals and involve an allocation of RM3 billion. It will be paid effective January 2013. To facilitate implementation, existing BR1M recipients are not required to register for the second time, while new applicants may register commencing November 2012 via online or at the counters of State Development Offices, District Offices and Inland Revenue Board (LHDN) offices nationwide.
8,204 total views, 5 views today