How many MSMEs are eligible for GKP 2.0 assistance?

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Nearly 304,000 MSMEs Are Eligible for GKP 2.0 Assistance

Close to 304,000 micro, small and medium enterprises (MSMEs) have been identified as eligible to receive financial aid under the Prihatin Special Grant (GKP) 2.0. This figure surpasses the initial expectation of 200,000 eligible MSMEs. The GKP 2.0 initiative, part of the Kita Prihatin economic stimulus package, provides a one-off financial assistance of RM3,000 to eligible MSMEs that did not receive aid under previous GKP phases.
Increased Allocation for GKP 2.0

The total allocation for GKP 2.0 has been revised upwards to RM912 million, an increase from the previously earmarked RM600 million. This enhanced funding is to accommodate the larger number of eligible MSMEs identified. The disbursement of this aid is scheduled to commence on November 30, 2020, with payments being directly credited into the bank accounts provided during the application process.
Verification Process for Eligibility

All applications submitted for GKP 2.0 underwent a verification process conducted by the Inland Revenue Board (IRB). This verification involved cross-referencing application data with information held by various government agencies, including local authorities and the Companies Commission of Malaysia. This rigorous checking ensures that the assistance reaches the intended recipients.
Overall GKP Beneficiaries in 2020

Cumulatively, by the end of 2020, both GKP 1.0 and GKP 2.0 are expected to benefit close to 849,000 MSMEs. The total financial assistance disbursed across these two phases amounts to RM2.55 billion. Specifically, GKP 1.0 provided benefits to over 545,000 MSMEs, with a total financial aid of RM1.63 billion.

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How many MSMEs are eligible for GKP 2.0 assistance?

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