How much cash aid will be distributed to lower and middle-income groups?

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RM10 Billion in Cash Aid to be Distributed to Lower and Middle-Income Groups

The government will distribute RM10 billion in cash aid to lower and middle-income groups who have experienced income loss. This financial assistance is part of a broader initiative that also includes an additional RM45 billion injection into the Covid-19 fund, bringing its total to RM110 billion. The cash payouts are scheduled to extend until 2022.
Target Beneficiaries of Cash Aid

The RM10 billion cash distribution is specifically designated for households in the bottom 40 per cent (B40) income bracket, the hardcore poor, the urban poor, and the middle 40 per cent (M40) group. These individuals and families are identified as those who have suffered a loss of income.
Duration of Cash Payouts

The cash aid initiative is set to continue until the year 2022. This timeframe indicates a sustained effort to provide financial support to vulnerable segments of the population affected by economic challenges.
Broader Financial Support Measures

Beyond the direct cash handouts, the government's commitment includes an additional RM45 billion allocation to the Covid-19 fund, significantly increasing its total to RM110 billion. This substantial fund is intended to bolster the nation's capacity to manage the ongoing pandemic's economic repercussions.
Agreement Framework

The distribution of cash aid and the increased funding for the Covid-19 fund are stipulated within a memorandum of understanding (MoU) signed between the government and Opposition parties. This agreement outlines several key economic and political reforms.

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How much cash aid will be distributed to lower and middle-income groups?

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