Finance Ministry to expedite BPN 2.0 payments starting Jan 21

KUALA LUMPUR: The Finance Ministry will expedite the Bantuan Prihatin Nasional Phase 2 (BPN 2.0) payments totalling RM2.38 billion to the 11.06 million eligible recipients, who comprise 10.6 million BPN recipients and about 460,000 new recipients.

Its minister, Tengku Datuk Seri Zafrul Abdul Aziz, said payments to the B40 and M40 groups would be credited directly into their bank accounts starting Jan 21 and Jan 25, respectively.

Those without bank accounts would be able to receive payments at Bank Simpanan Nasional branches from Jan 25 onwards subject to the bank’s standard operating procedure guidelines, he said in a statement today.

As for recipients in Sabah and Sarawak who do not have a bank account, he said payments would be made from early February to April 1 at locations to be announced at the end of this month.

Tengku Zafrul said the 460,000 new recipients were approved during the application/appeal period from Oct 15 to Nov 15 last year.

Approvals can be checked starting Jan 15 at the official BPN portal,

BPN 2.0 is part of the RM10 billion Prihatin Supplementary Initiative Package (KITA PRIHATIN) announced by Prime Minister Tan Sri Muhyiddin Yassin on Sept 23 last year.

Two payout phases have been set for distributing the BPN 2.0 assistance -- in October 2020 and this month.

Tengku Zafrul said to-date, RM7.18 billion had been paid or allocated to the 11.06 million BPN 2.0 recipients, comprising 5.82 million unmarried individuals and 5.24 million households.

"The government is always committed to ensure the allocated assistance reaches those who are targeted in order to safeguard the people’s well-being,” he added. - Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3


Did you find this article insightful?


90% readers found this article insightful

Next In Business News

Saudi sovereign fund to double assets in next five years to US$1.07trl
Deutsche Bank starts probe in relation to engagement with some clients
Vietnam's Communist Party meets to pick new leadership, bolster economic policies
Online fashion retailer Boohoo to buy Debenhams brand
Why dealmakers expect tech M&A to keep up its red-hot run
Volkswagen looks to claim damages from suppliers over chip shortages
China Evergrande New Energy Vehicle Co attracts investors to raise US$3.4b
Taiwan says asking chip firms to help ease auto chip shortage
Bank Islam assists 350,000 customers impacted by Covid-19
Morgan Stanley CEO's annual pay rises by over 20%

Stories You'll Enjoy