Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim has today declared a noteworthy initiative that aims to benefit Malaysian citizens earning RM100,000 or less per year. He confirmed that a RM100 e-wallet incentive will be distributed to each eligible individual, an incentive sparked by the success of previous electronic wallet programs.
The rollout of this incentive is expected to reach approximately 10 million Malaysians. This demographic includes both the B40 and M40 income groups and comes with an approximate allocation of a billion ringgit. The announcement was made during the inauguration of the ‘Ekonomi Madani: Memperkasa Rakyat’ (Madani Economy: Empowering the People) framework.
Significantly, the Prime Minister highlighted the achievements of the recent eBeliaRahmah (eBR) initiative. It’s notable that this initiative not only advantaged over two million young adults but also facilitated the generation of additional income in the business sector, advancing towards a cashless society.
Introduced in the 2023 Budget with an allocation of RM400 million, the eBR program extended a one-time RM200 e-wallet credit to recipients aged between 18 to 20 or full-time students enrolled in higher education institutions.
However, specific details concerning the mode of distribution for the new RM100 incentive remain undisclosed. The authorities may potentially adopt a distribution methodology similar to the one used in the eBR initiative. This news is based on the article published on malaymail.com.