More aid for micro SMEs starts Thursday

More aid for micro SMEs starts Thursday

Prihatin special grant of RM1,500 under Pemerkasa Plus for businesses to navigate through MCO 3.0, says finance minister Tengku Zafrul Aziz.

Tengku Zafrul Aziz said the payment will be credited directly to the bank account registered by MSMEs in the Prihatin special grant system.
KUALA LUMPUR:
A total of RM5.08 billion will be channelled to nearly one million micro- small- and medium-sized enterprises (MSMEs) under the Prihatin special grant (GKP) to tide over their difficulties since Covid-19 hit the country, finance minister Tengku Zafrul Aziz said.

“The government hopes the direct assistance channelled to the micro SMEs will ease their burden, especially those affected by the implementation of the movement control order (MCO) 3.0,” he said in a statement today.

Under Pemerkasa, announced on March 17, he said the government decided to provide a GKP of RM1,000 to more than one million micro traders to ensure the continuity of their business, especially in managing their cash flow.

Tengku Zafrul said the government gave a similar commitment under Pemerkasa Plus, which was unveiled on May 31, where an additional amount of RM500 would be disbursed, increasing the total payment to RM1,500 for each MSME to help them navigate through MCO 3.0.

This means the total payment of GKP 3.0 is RM1.5 billion.

“We are pleased to inform that nearly one million micro SMEs involving existing recipients of MCO 1.0 and MCO 2.0, as well as micro SMEs that have been approved under MCO 3.0, will receive a payment of RM1,000 from June 10 in stages involving financial implications of almost RM1 billion,” he said.

Tengku Zafrul said the payment will be credited directly to the bank account registered in the GKP system and the approval status can be checked at the following link.

An additional payment of RM500, involving an allocation of almost RM500 million, will be paid in July bringing the total amount under GKP 3.0 to RM1.5 billion.

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