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Bantuan Keluarga Malaysia 2024
The Bantuan Keluarga Malaysia (BKM) initiative was announced by the Malaysian government in 2022. (BKM) program provides direct financial assistance to older persons, single parents, and families with three or more children.
A senior citizen 60 years of age and older is eligible for RM300 in financial assistance, as stated in Budget 2022. Furthermore, a monthly supplementary assistance of RM500 is scheduled to be provided to single parents who earn less than RM5,000.
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You can find more information regarding Bantuan Keluarga Malaysia 2024, in this post. Here
What is Bantuan Keluarga Malaysia?
Many businesses were unable to handle the abrupt change and were forced to close their doors or lay off employees as the epidemic struck the world. Subsequently, the Malaysian government devised many assistance schemes aimed at assisting its citizens during difficult times.
BKM is one such initiative that the Malaysian Finance Minister announced in 2022. In order to help individuals in need—particularly the B40 group—recover from the pandemic and lessen the strain of a high cost of living, BKM is a direct cash aid program that was first introduced during Budget 2022.
Aiding low-income groups in lessening their financial load is the aim of this approach. After accounting for increased living expenses and food prices, the decision was reached to offer financial support.
RM300 Support Payment for Seniors Coming on this day
BKM has ended; please consult the most recent Government Grant 2023. Phase 1 of the payments will be dispersed in March 2022, while phase 4 was finished in December 2022. The payments were delivered in four stages.
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Reapplication is not required for current GKP, BPR, or BKC recipients. There will be an automatic consideration of those who have been denied GKP, BPR, or BKC Assistance. One must apply if they have never applied for BPR, GKP, or BKC assistance.
BKM Amount
“BKM ranging from RM1,000 to RM2,000 would be available to households with up to four children. Based on the number of children, households earning between RM2,500 and RM5,000 would get BKM ranging from RM500 to RM1,000.
He stated, “Senior citizens who are single or without a spouse will continue to receive BKM of RM600 and RM350, respectively, depending on their income level.” According to Tengku Zafrul, the extra RM500 in help for single parents with dependents will be available starting in 2023.
This implies that a single parent may get up to RM3,000 in benefits. In comparison to RM2,500 this year, the maximum BKM rate has increased.
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