Get all the latest updates on the Bantuan Keluarga Malaysia: RM300 Support Payment is Coming for Seniors – Eligibility Here. During the pandemic, many businesses in Malaysia have shut down or laid off employees, encouraging the Malaysian Government to create various programs to help those in immediate need.
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Bantuan Keluarga Malaysia
Financial aid programs have become more crucial, especially in today’s economic situation and the challenging times when the world is grappling with the increasing cost of living. One such program is Bantuan Keluarga Malaysia, which was announced in 2022 to assist low-income families and individuals.
The major goal behind implementing the new plan was to alleviate the financial burden on vulnerable groups, especially those in the B40 income group. The program was first introduced in Budget 2022 and has been designed to provide direct cash assistance to help people cope with rising living costs and various other financial issues.
Bantuan Keluarga Malaysia Eligibility
Bantuan Keluarga Malaysia was a short-term program aimed at helping vulnerable groups during tough times. To qualify for the BKM, you need to meet the specific requirements set by the Malaysian Government.
- The claimant needs to be Malaysian or a permanent resident of the country living in Malaysia throughout the application process.
- Applicants need to be aged 60 or over to participate in the program.
- If you are a single parent looking after dependent children, have a monthly income of RM5,000.
Only if you fulfil the above-shared criteria can you avail of the financial support available. Such programs should be further extended so that citizens can get back on their feet.
RM300 Support Payment is Coming for Seniors
BKM is a financial aid program introduced by the Government to support families on low income and individuals who were affected by the economic impact of the pandemic. As of 2024, the BKM program aims to provide significant financial support to senior citizens aged 60 and over. Older adults residing in Malaysia are entitled to RM300 under the BKM program in order to support them in managing their living expenses and other basic needs associated with ageing.
Under the program, single parents can get up to an extra RM500 per month. This is to assist the sole parent with the cost of raising the child, including expenses associated with education, healthcare and childcare. Single parents can now get up to RM3,000 or in total benefits throughout the year, an increase from the previous maximum of RM2,500.
Bantuan Keluarga Malaysia Amount
The BKM payment in 2020 was delivered in four phases. The first phase of the payment was disbursed in March 2023, while the final phase was completed in December 2022. The payment amount varied from RM1,000 to RM2,000 and was accessible to families with up to four dependent children. Depending on the number of children, families earning between RM2,500 and RM5,000 have received the BKM payout of RM500 to RM1,000.
Tengku Zafrul, Minister Of Investment in Malaysia, emphasised that those who live alone without a partner will keep on getting the BKM worth RM350, whereas retirees will continue to receive their RM600 financial aid. He also stated that an additional RM500 will be made available until 2023. Even in education, financial assistance can be a motivation for students to pursue higher education without experiencing financial pressure.
All We Know
Unfortunately, the Bantuan Keluarga Malaysia has been terminated. If you are searching for similar support, it is advisable to review the most current Government grants for 2024. By doing so, you can receive updated information on the recent financial assistance program accessible.
There are several welfare programs available for eligible folks to help them through the temporary rough period in their lives. Various benefits sustain those who cannot survive on their own. This generally includes children, the elderly and the disabled who built up major for the welfare recipients. Claiming a Government welfare program can be a challenging task, but by using the guide shared in our article, you can complete the application procedure within a couple of minutes.
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Rohan Manjrekar is a writer and consultant in scholarships and financial aid, dedicated to simplifying college funding. His work focuses on debt reduction and maximizing educational access for students from all backgrounds.