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7 PEMERKASA Initiatives You Can Take Advantage Of!

Updated 13 Apr 2021 – By Faiz Rahim

In just three months of 2021, our PM already announced 2 types of financial assistance. As our economy recovers (daily Covid-19 cases also decrease!), the gahmen want to jump-start with Program Strategik Memperkasa Rakyat dan Ekonomi (PEMERKASA) worth RM20 million.

In his speech, he said the 5 focuses are to reduce the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and community inclusion agenda, and transform the economy. Here are the initiatives that have been listed for you!

ALSO READ: 9 PERMAI Assistance Package You Should Know (COVID-19)


1. One-off payment for those with affected incomes

Worry not, the gahmen offers 2 types of a one-off payment for those with affected incomes. Do note that this is only individuals ages 21 to 60 years old (you don’t even have to apply!).

If you’re one of the affected (must be B40), you’ll get RM500 cash assistance. For Bantuan Prihatin Rakyat (BPR) recipients earning less than RM1,000, they’ll get RM500 cash assistance as well - will start in June 2021.


2. Penjana Kerjaya 2.0 SOCSO to include temporary & gig workers

Did you know that the gahmen managed to put 200 thousand workers in the formal sector during the global pandemic? 

Yup, you got that right it’s good! That’s why the gahmen decided to widen the scope for this hiring incentive:

  • Allocation of RM300 million for 60 thousand workers (RM600 monthly within 6 months)
  • RM200 to new hires for companies that offer temporary and gig employments (must register with SOCSO)

3. Handphone (smart ones) subsidy is increased!

If you must know, the gahmen has increased the subsidy for when you buy a smartphone from RM180 to RM300. This is to reduce the digital gap so more families can buy for their children should they need it, especially as everything is online!

This subsidy will be increased starting from May 2021.


4. Youth community to get RM150, instead of RM100

Since the gahmen has been pushing for using an e-wallet (cashless for the win!), they’ve decided to increase the e-wallet credit to RM150 from RM100 - eBelia Programme which is for 18 to 20 years old. Like before, you can get it via Grab, Touch ‘N’ Go and Boost.

It’s expected to be credited into your account in June 2021.


5. Tourism & retail sector aren’t forgotten...

No doubt, the tourism sector is badly affected. One of the hotel operators in Penang has resorted to selling foods by the roadside. Another hotel in Negeri Sembilan even sells food at several spots of a housing area. I mean, what else can they do to sustain the business?


So, what does the tourism sector get?

  • Extend the exemption for tourism tax and service tax for accommodation provided by hotel operators until 31 December 2021
  • Entertainment duty exemption on admission fees to entertainment venues
  • Special individual income tax relief up to RM1,000 to cover the purchase of tourism packages bought from travel agents registered under the Ministry of Tourism, Arts & Culture (MOTAC)
  • One-off Special Assistance Grant of RM3,000 to more than 5,000 tourism agencies registered with MOTAC
  • One-off assistance of RM600 to homestay operators registered under MOTAC

6. You’re SME entrepreneurs? These are some initiatives for you...

Since the pandemic started, the fate of entrepreneurs has been unpredictable, to say the least. If they’re lucky, they’ll get profits. But, let’s say if it’s suddenly enhanced MCO, some of them will have no income at all. The initiatives are:

  • Geran Khas Prihatin (GKP) 3.0- one-off payment worth RM1,000 (application open starting 1 April 2021 for SMEs that didn’t receive GKP 2.0 previously)
  • TEKUN Nasional has allocated an additional budget of RM60 million: 
    • Small-scale businesses can borrow up to RM5,000 under the Informal Funding Scheme
    • TEKUN Mobilepreneur expanded to include the financing of new purchases or repairs of motorcycles up to RM10,000 (100% excise duty exemption starting 1 April - 31 December 2021 for motorcycles 150cc and below)
    • Introduces TEKUN POS-preneur programme for those who earning through delivery contracts (RM20,000 for vehicles, RM50,000 for van/lorry)
  • Majlis Amanah Rakyat also has Micro Prihatin Business Financing Scheme to help 1,000 SMEs. You guys can borrow up to RM50,000 with an interest rate if 3%)
  • Also can borrow from SME Corp up to RM250,000 with an interest rate of 3% 

P/s: If you guys are still studying (a part of B40) but interested to open a business, just register with Suruhanjaya Syarikat Malaysia (SSM). It’s FREE!


If you’re women entrepreneurs, here are some initiatives...

  • The gahmen will inject RM30 million to help women entrepreneurs digitise their businesses via SME, MicroSME e-Commerce Campaign and the Shop Malaysia Online programme
  • Bank Simpanan Nasional (BSN) will provide RM50 million for PEMERKASA-NITA Microfinance Scheme to encourage more women to take up entrepreneurship
  • Women entrepreneurs can also apply for The Self-Employment Social Security Scheme SOCSO to get finance up to 70% or RM10 million

As for disabled entrepreneurs,

  • RM20 million injections to the Ministry of Women, Family and Community Development (KPWKM) to help support them
  • The disabled community can register their business with SSM for FREE
  • BSN also provides RM25 million under their Special Microcredit Scheme (can borrow up to RM50,000 with an interest rate of 3%)

No worries youth entrepreneurs, here are some for you...

  • Can apply for entrepreneurship and preparedness training under Pemerkasaan Ekonomi Komuniti Bandar Programme (allocated with RM10 million)
  • Tunas Usahawan Belia Bumiputera will also get an extra allocation to train 250 new entrepreneurs
  • Introduce New Gen Entrepreneur Online Bootcamp programme to train and prepare 2,000 youth entrepreneurs online
  • BSN also offers PEMERKASABELIA Micro Financing Scheme where youth entrepreneurs can borrow up to RM50,000 with an interest rate of 3%

7. The new ceiling price for RON 95 and Diesel

If you read our latest petrol price article, you can see it usually goes up recently - it doesn't even go down!

That's why the petrol price for RON 95 and Diesel has been set at RM2.05 and RM2.15 per litre respectively. The gahmen will help pay the petrol price subsidy around 30 cents per litre.

Before this, the gahmen removed the ceiling price for the petrol price. It used to be RM2.08 (RON 95) and RM2.18 (Diesel) back in Mahathir's time. 

With that, the petrol price for RON 95 and Diesel will not increase anymore moving forward (fingers crossed!). But, how about RON 97? Jeng… Jeng… Jeng...

So, what are your thoughts on PEMERKASA initiatives? Is it better than PERMAI? Share your comments here!


*The above article is intended for informational purposes only. Loanstreet accepts no responsibility for loss that may arise from reliance on information contained in the articles.

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