B40 and M40 groups satisfied with incentives

VARIOUS incentives under Budget 2021 including Employees Provident Fund (EPF) withdrawals and insurance have attracted the B40 and M40 groups.

Ika Natasha Zainuddin, 29, an assistant front office manager at a hotel in George Town, Penang, expressed relief over the extension of the wage subsidy programme for the hotel and tourism industry.

“This means a lot to us in the hotel industry as it will help our company to hold on to the staff, ” she said.

Senior analyst Chiew Zhi Yan, 25, said the EPF withdrawal from Account 2 to pay for insurance was a good incentive for those who cannot afford the monthly commitment.

“The insurance will protect us from unexpected expenses.”

Nurlina Anas, 26, who works as a personal assistant in a developer company, said she was happy that the Government would provide job opportunities in this tough period.

“My friend in the aviation industry was recently laid off and this incentive will benefit him and those who have been retrenched.

“I also feel the EPF withdrawal of RM500 for the next 12 months will help those who have been retrenched or had their salary slashed, ” she added.

Vanithasree Raghuram, 34, whose husband was retrenched in August, said the Bantuan Prihatin Rakyat which gives RM1,800 for those with two children was very timely.

“I have to make do with my income of RM2,300 a month for the time being and the withdrawal of RM500 from January will go towards school essentials for my two children.

“My immediate concern now is ensuring that nothing happens to my job as my company is on a cost-cutting measure, ” said the company supervisor.

Guvanasundari Subramaniam, 31, is also relieved to hear that EPF withdrawals of RM500 would be allowed as her husband is incapacitated after a motorcycle accident.

“Both of us can withdraw the cash which amounts to RM1,000 for us and this will go a long way in ensuring that our monthly commitments are met.

“My husband has applied for social security payment and we are expecting it to be approved over the next two months, ” said the factory operator who has a seven-year-old daughter.

Guvanasundari said Budget 2021 brought relief to her family as they were facing a bleak new year.

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Employees Provident Fund , EPF , insurance , budget , B40 , M40


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