BPR aid package, loan moratorium to tide over two-week lockdown

KUALA LUMPUR (Bernama): Households with monthly income below RM2,500 and those earning between RM2,501 and RM5,000 are eligible to receive RM500 and RM300 respectively under the MCO 3.0 Bantuan Prihatin Rakyat (BPR) aid package.

Prime Minister Tan Sri Muhyiddin Yassin said for singles with monthly income below RM2,500, each person is eligible to receive RM100 and the payment would be credited to the recipients' account at the end of June.

A total of RM2.1bil is allocated for the BPR programme this time which was announced by Muhyiddin in a special message on MCO 3.0 assistance for the people that was broadcast on local television channels Monday night (May 31).

According to Muhyiddin, this payment is in addition to the final payment phase of the BPR in September totalling RM2.4bil.

For the B40 (lower income bracket) group and people affected by loss of jobs as well as micro enterprises and Small and Medium Enterprises (SMEs) that are not allowed to operate during the MCO 3.0 (lockdown) period, they are given the option to obtain an automatic moratorium approval for three months or a reduction in repayment in instalments of 50% for a period of six months on loans.

This initiative will be implemented from June and is expected to benefit more than five million borrowers with a value of up to RM30bil.

The first phase of the MCO 3.0 or total lockdown is from tomorrow (June 1) until June 14. - Bernama