PM announces 'Kita Prihatin' wage subsidy scheme


PETALING JAYA: The government has announced a second wage subsidy scheme to assist companies that are still affected by the Covid-19 pandemic.

Prime Minister Tan Sri Muhyiddin Yassin said the subsidy would be given to companies who are experiencing revenue reduction of up to 30% compared to last year since the recovery movement control order (MCO).

A wage subsidy of RM600 monthly will be given to a maximum of 200 employees each for three months.

Muhyiddin said that the applications are open from Oct 1 until Dec 31.

He said that he received feedback that many companies were not eligible for the scheme because they were not registered with the Social Security Organisation (Socso) before April 1.

He said that to make sure they were not left behind, the second scheme would be open for companies that were registered with Socso before Aug 31.

“For new applications that have never received assistance under the Wage Subsidy Scheme programme, they will be eligible for subsidies for up to six months, ” he said in a special address on Wednesday (Sept 23) to announce a special assistance initiative package known as "Kita Prihatin".

He said that the implementation of the programme was expected to benefit 1.3mil workers and involved an allocation of RM2.4bil.

Muhyiddin also announced a Special Prihatin Grant (GKP) to help micro businesses that were facing financial difficulties because of the Covid-19 pandemic.

He said that the applications for the GKP from May 1 to 15 had benefited 545,000 small businesses around the country, with an allocation of RM1.63bil.

He added that to ensure more of these micro businesses benefited from the GKP, the government agreed to reopen applications from Oct 1 to 31.

Muhyiddin said it would be open to business owners registered with the Companies Commission of Malaysia (SSM), or with local authorities before Aug 31, with payments to be made from Nov 25.

“The reopening of this initiative is expected to benefit more than 200,000 micro businesses, with an allocation of almost RM600mil, ” he said.

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?

Yes
No

73% readers found this article insightful

Next In Nation

Extend loan repayment periods, Cuepacs urges the govt
Govt plans to revive National Service programme
Travellers urged to take advantage of special deals after movement restrictions lifted between green zones
Sabah e-Kasih recipients also eligible for food basket programme, says minister
Border shootout: Source says one injured smuggler arrested in M'sia, three others captured by Thai police
'Are govt MPs immune to Covid-19', MP asks after Kitingan’s quarantine status
PAC probe uncovered several weaknesses in process of hiring foreign workers, says chairman
RM1.92mil project for 800 educational TV programmes given through open tender, says minister
Budget 2021: Opposition MPs propose an additional RM3bil for Sabah, Sarawak
Cash-strapped Johor bus operators call for govt to help

Stories You'll Enjoy