A BR1M scheme was started in 2011 and disbursement started in 2012, and today approximately 7 million applications were approved to receive the money for their welfare. This is a scheme which is started to help the people with low-income and to ease the burden of rising living cost in Malaysia.
But a lot of changes were made and BR1M is changed to Bantuan Sara Hidup Rakyat. Apart from this, a lot of new categories were introduced in this scheme to help the low income groups like recently prime minister announced the additional increment will be provided and the payout will be doubled from this year. There are also a lot of new categories added –
A new category is announced which is going to add this year where the help will be provided to the people whose household income is in between RM 3000 to RM 4000. And under this category, the residents will receive a disbursement of RM 700. This money payout will be given in June and August.
For existing residents, it is announced this year that the residents who have earning RM 3000 and below, the payout will be increased from RM 1200 to RM 2000. And the residents who have a household income in between RM 3000 to RM 4000 will received an additional payout of RM 600 or you can say a total of RM 1500. This is done to improve the cost of living for the next five years for low-income earners.
Additionally, the minimum wages of the people will also be increased by at least RM 1500 in this next five years. Also, a fair work commission will also be set up to increase or to provide more equitable salary to the employees of private sectors.
For settling the urban poverty of the country, the more and new business centers were made for the small enterprises, food trucks and urban agriculture will also be set up. There are also pledges are announced like raising the individual income tax exemption rate for medical expenses of parents which lie between RM 5000 to RM 10,000. Tax exemptions on housing rental income will also be increased and decrease the employing cost of foreign domestic workers.
There are a lot of changes were made previously and this year a lot of new schemes and category were introduced to provide the benefits and lower the burden of rising living cost to the poor and middle-class people of the Malaysia.