KUALA LUMPUR, June 6 — More than 30,000 applicants, farmers and small-scale commodity growers have been approved to receive cash subsidy assistance under the Budi Madani initiative, as of today.
The Finance Ministry said they will receive cash aid amounting to RM200 each, which will be disbursed on June 10 through their bank accounts, while those without a bank account can claim the subsidy in cash by bringing their MyKad to any Bank Simpanan Nasional branch throughout Peninsular Malaysia.
“Eligible applicants can still register to receive Budi Madani. Applications submitted in June are eligible to receive payment for both June and the following month,” the ministry said in a statement today.
“Applications submitted after June 2024 will only qualify to receive payments starting in July and will not include the June payment,” read the statement.
Budi Madani is a government effort to ensure subsidy allocations are targeted to eligible groups, including individual assistance (Budi Individu), farmers and small-scale growers (Budi Agri-Komoditi), and companies and transport vehicles (MySubsidi Diesel).
The ministry said application data showed the majority of applicants were not approved as they did not meet the eligibility criteria, including farmers not registered with the relevant ministry agencies.
It reminded them to submit appeals on the Budi Madani website.
Farmers and smallholders who have not yet registered with the agencies under the relevant ministry are advised to do so first, before submitting the Budi Madani application.
For more information on Budi Madani eligibility criteria, visit the website, contact the helpline at 1800 882 747/03-8882 4565/03-8882 4566, email [email protected], or visit any Inland Revenue Board office in Peninsular Malaysia.
It is estimated that 300,000 individual diesel vehicle owners in Peninsular Malaysia are eligible to receive Budi Individu while 68,000 farmers, 8,000 livestock breeders and 34,000 small-scale aquaculture operators are qualified to receive benefits from Budi Agri-Komoditi.
— Bernama
