MOF: 52,000 Micro-SMEs to Receive RM155 Million Under GKP 2.0

Finance Minister, Tengku Zafrul Abdul Aziz.

The Ministry of Finance Malaysia (MOF) has highlighted that 52,000 micro small and medium enterprises (SMEs) that submitted appeals for the Prihatin Special Grant 2.0 (GKP 2.0) will receive payments totalling RM155 million on February 5.

“Every application received by the Inland Revenue Board (IRB) was cross-checked and verified with data from relevant government agencies to ensure that only eligible micro-SMEs that meet the  conditions get the one-off aid of RM3,000,” Finance Minister, Tengku Zafrul Abdul Aziz said.

Almost 900,000 SMEs benefited from the GKP 1.0 and GKP 2.0 with financial assistance totalling to RM2.7 billion.

“Previously, the government had announced a payout amounting to RM2.55 billion for more than 850,000 micro-SMEs under these two programmes,” he added.

50,000 micro-SMEs will gain a total allocation of RM50 million that was announced for traders and hawkers in Sabah under the Budget 2021 programme.

“PERMAI GKP initiative will be extended to 815,000 SMEs in states implementing the Movement Control Order (MCO 2.0) with a payment of RM1,000 each while 35,000 SMEs outside the MCO 2.0 areas with a total allocation of nearly RM830 million,” Tengku Zafrul concluded.

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