The government's commitment to helping micro, small, and medium enterprises (MSMEs) continues with the payment of the Prihatin Special Grant 4.0 (GKP 4.0) Phase 2 of RM500, which will be disbursed beginning Nov 23.
Prime Minister Ismail Sabri Yaakob said the payment is an extension of the Phase 1 payment of RM500 made in September and will benefit more than one million eligible MSMEs.
"In total, each trader involved will receive a payment of RM1,000 under GKP 4.0 to ease their financial burden due to the Covid-19 pandemic.
"This initiative will involve existing recipients of GKP 1.0, GKP 2.0, GKP 3.0, and new recipients of GKP 4.0 with a financial implication of RM500 million," he said in a statement today.
Geran Khas Prihatin (GKP) 4.0 Phase 2 is under the National People's Well-Being and Economic Recovery Package (Pemulih).
Ismail Sabri said the payment will be credited directly to the bank account registered in the GKP system and the GKP 4.0 approval status could be checked from Nov 22 through the GKP Portal.
The prime minister said the total allocation that has been and will be disbursed to more than one million MSMEs under the GKP since Covid-19 hit the country is RM6.08 billion.
"The government hopes that continued cash assistance to these eligible MSMEs can help cash flow as well as mobilise and revive their businesses which were the most affected sectors during the Covid-19 pandemic," he said.
- Bernama
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