September 12, 2017
Aside from BR1M, or Bantuan Rakyat 1 Malaysia to ease the burden of Malaysia’s low-income households, there are many other government aids and subsidies that you may not be aware of. Here are 6 other government aids and subsidies to help ease your burden during the turbulent economy.
Did you know that the government has an allocation close to RM10 billion for government aids and subsidies under the Budget 2017? Changes were also made to the government aids and subsidies to make it more efficient by creating target groups. This was also done to ensure it was benefiting those who are really in need, particularly the Bottom 40 (B40) of the population. B40 refers to the bottom 40% of households with a monthly income of RM3,900 and below. The target group eligible for the government aids and subsidies are:
Under the Ministry of Women, Family and Community Development, single mothers can apply to receive financial aid to temporarily ease their burden.
Financial help from the state
Single mothers can also get financial aid from the respective states they are residing at. However, the amount that will be given will differ according to the different states. This is because each state has their own allocation. Aside from that, eligibility requirements will also differ between states. The duration for financial help will be 1 year.
Caregivers and those who are disabled have various aids that they may be eligible for. The first step to take in order to be eligible to receive the aid is to register as a disabled person (OKU) by filling up this form.
Aid’s available for disabled individuals from the Department of Social Welfare Malaysia are:
The financial aid amount for employed disabled individuals compared to unemployed disabled individuals is higher. This is to encourage disabled people to remain employed and be self-sufficient.
To support the poor elderly so that they continue to live and lead a normal life with care, they have access to government help. Among the help that is available for the poor and elderly in Malaysia is the financial aid of RM300 on a monthly basis.
Family members or caregivers of elderly poor citizens are eligible for respite care. This respite care is to help family members or caregivers in the event that they are not able to care for the elderly for a temporary duration. They will be provided with a place to stay, medication, physiotherapy and access to social recreation. However, this respite care has a minimum duration of 1 day and a maximum of 30 days. No payment will be needed and application can be made at the social welfare office available in each state.
The government has various government initiatives to help first-time home buyers turn the dream of owning their own home into a reality, particularly the low-income groups. Among the schemes are:
See also: How To Buy Your First Home In Malaysia
This aid is to help underprivileged children in Malaysia to continue living with their families even if the family is a low-income household. The rationale is also to help maintain and strengthen the family institution so families can stay together whilst caring for their dependents properly.
If you’re a budding entrepreneur, or you have recently started your business, you may be eligible to get some funding help from the government. For Bumiputera, you are eligible to apply for the SUPERB scheme and have access to up to RM500,000 grant.
If the aid is provided under the Department of Social Welfare Malaysia application forms can be obtained online as per below:
For more information, you can also check out the website for Department of Social Welfare Malaysia
However, it should be noted that although the government provides aids and subsidies, we should not depend on it as it may create complacency. Here are some suggestions on how you can generate more income:
Finally, it is imperative that Malaysians increase their financial knowledge as doing so will help improve understanding of basic economic concepts. Such understanding is needed to ensure Malaysians make informed decisions with their money, and how they can better grow their wealth through smart investment decisions.