Malaysia 2024 Family Aid: RM300 Assistance for Seniors to be Distributed Soon
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Bantuan Keluarga Malaysia 2024
In 2022, the Malaysian government introduced the Bantuan Keluarga Malaysia (BKM) initiative, extending direct financial aid to seniors, single parents, and families with three or more children.
Seniors aged 60 and above are entitled to RM300 in financial assistance, as outlined in the 2022 Budget. Additionally, single parents earning less than RM5,000 can expect a monthly supplementary assistance of RM500.
Explore further details about Bantuan Keluarga Malaysia 2024 in this post. Check it out here.
What is Bantuan Keluarga Malaysia?
The sudden global epidemic left numerous businesses struggling, leading to closures and layoffs. Responding to the crisis, the Malaysian government implemented various assistance programs to support citizens facing challenging times.
The BKM initiative, announced by the Malaysian Finance Minister in 2022, is geared towards aiding individuals in need, especially the B40 group, in recovering from the pandemic and coping with the challenges of a high cost of living. Introduced in Budget 2022, BKM is a direct cash aid program with the goal of lightening the financial burden for low-income groups. The decision to provide financial support was made in consideration of rising living expenses and food prices.
RM300 Support Payment for Seniors Coming on this day
BKM has concluded; for the latest updates, refer to the Government Grant 2023. Phase 1 payments are set for March 2022, with phase 4 completed by December 2022. The payments were distributed in four stages.
If you’re currently receiving GKP, BPR, or BKC, no need to reapply. Automatic reconsideration is in place for those previously denied. However, if you’ve never applied for BPR, GKP, or BKC assistance, make sure to submit your application.
BKM Amount
BKM, ranging from RM1,000 to RM2,000, is accessible for households with up to four children. Those earning between RM2,500 and RM5,000 will receive BKM ranging from RM500 to RM1,000, based on the number of children.
For single senior citizens, the BKM amounts to RM600 and RM350, depending on their income. Tengku Zafrul mentioned an additional RM500 in aid for single parents with dependents starting in 2023.
This means a single parent could receive up to RM3,000 in benefits, marking an increase from RM2,500 this year. We trust this article provided you with the essential details on Bantuan Keluarga Malaysia 2024.
