2024 Bantuan Keluarga Malaysia Support: RM300 Payment for Seniors Coming on This Day{2024}

To get all the information you need on Bantuan Keluarga Malaysia 2024, please continue reading this post and stay on our portal: Seniors’ RM 300 Support Payment Arriving on this particular day

Bantuan Keluarga Malaysia 2024

In 2022, the Malaysian government unveiled the Bantuan Keluarga Malaysia (BKM) initiative. (BKM) program offers direct financial support to families with three or more children, elderly individuals, and single parents.

According to Budget 2022, a senior citizen who is 60 years of age or older is qualified for financial assistance of RM300. In addition, single parents making less than RM5,000 are expected to receive a monthly supplementary assistance payment of RM500.

This post contains additional information about Bantuan Keluarga Malaysia 2024. Here

What is Bantuan Keluarga Malaysia?

As the epidemic swept the globe, many companies were unable to cope with the sudden change and were forced to close their doors or fire employees. As a result, the Malaysian government created a number of aid programs to help its people in trying times.

One such program that the Malaysian Finance Minister unveiled in 2022 is BKM. BKM is a direct cash aid program that was first introduced during Budget 2022 with the goal of helping those in need—especially the B40 group—recover from the pandemic and lessen the burden of an expensive cost of living.

This strategy aims to assist low-income groups in reducing their financial burden. It was decided to provide funding after taking rising living costs and food prices into consideration.

See also  Australia Rent Increase 2024 – What can be the Amount of Rent Increase in Australia?

Seniors’ RM 300 Support Payment Arriving on this particular day

Please refer to the most recent Government Grant 2023 as BKM has ended. Payments for phase 4 were completed in December 2022, and phase 1 will be distributed in March 2022. There were four delivery phases for the payments.

Current recipients of GKP, BPR, or BKC are not required to reapply. A consideration of those who have been refused GKP, BPR, or BKC assistance will be made automatically. If a person has never applied for BPR, GKP, or BKC assistance, they must do so now.

BKM Amount

“Homes with up to four children would be eligible for BKM in the range of RM1,000 to RM2,000. Households earning between RM2,500 and RM5,000 would receive BKM ranging from RM500 to RM1,000 depending on the number of children.

He declared, “Based on their income level, senior citizens who are single or do not have a spouse will continue to receive BKM of RM600 and RM350, respectively.” Tengku Zafrul states that the additional RM500 in assistance for single parents who have dependents will be made available from 2023 onwards.

This suggests that a single parent could receive benefits of up to RM3,000. The maximum BKM rate is now RM2,500 instead of RM2,500 this year.

We hope that this article on Bantuan Keluarga Malaysia 2024 has given you all the information you need.

Leave a Comment