PETALING JAYA: Despite being often dubbed as the forgotten group, the M40 group is not left behind in the government's latest initiative, says Datuk Seri Anwar Ibrahim.
When asked if there is assistance for the M40 group who are often “left out” in receiving financial aid from the government, the Prime Minister said there was cash transfer in the form of RM100 eMadani credit enjoyed by 10 million eligible recipients, including some who were in M40.
“We have to alleviate the burden through cash transfer instead of implementing subsidies that can be enjoyed by everyone including the top 10% wealthy group and foreigners.
“The benefit we are offering via the cash transfer will benefit at least 10 million citizens including those from the M40 group,” he said in a special live broadcast interview with TV3 in conjunction of the Madani government’s first anniversary on Tuesday night (Dec 5).
Anwar also said that such initiatives would be continued for the groups who required assistance.
He said the government would mitigate any surge in the prices of goods or petrol caused by the targeted subsidy implementation by increasing the cash aid via Rahmah cash aid for the people.
Starting Monday (Dec 4), eligible Malaysians can redeem the RM100 eMadani credit until 11.59pm on Feb 20, next year.
The public can use the RM100 credit for physical transactions at 1.8 million retailers or businesses via their chosen e-wallet or DuitNow QR code.
The eMadani RM100 cash transfer only allows applications by Malaysian citizens aged 21 and above and must either be a recipient of the Rahmah Cash Aid based on records as of Nov 7, or earn an annual income of RM100,000 and below based on Inland Revenue Board (LHDN) records as of July 15.