More than RM6bil grant to help small businesses

KUALA LUMPUR: The government will continue to help micro, small and medium enterprises (SMEs) by disbursing money under phase two of the Special Grant (GKP 4.0) Pemulih package.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the RM500 payout would be disbursed beginning next Tuesday, on top of the RM500 given out in September for the benefit of more than a million micro enterprises.

“As a whole, each entrepreneur will receive a total of RM1,000 under GKP 4.0 as a form of relief from the Covid-19 pandemic.

“This initiative covers existing recipients of GKP 1.0, GKP 2.0, and GKP 3.0, other than new recipients of GKP 4.0, with a financial implication of up to RM500mil,” he said in a statement yesterday, according to Bernama.

Ismail Sabri added that the payment would be credited into the bank accounts of eligible recipients registered under the GKP system, and the people could check their eligibility beginning Nov 22 through

He said as a whole, the amount of money allocated for distribution to more than the one million micro enterprises under GKP since the pandemic hit, came to RM6.08bil.

“The government hopes that continuous cash handouts to these micro enterprises will help them with cash flow, other than stimulating the recovery of their businesses, which has been one of the most severely impacted by the pandemic,” he added.

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