First Payment Of BR1M 2017 To Settle By Next Week – Finance Ministry

KUALA LUMPUR, March 9 (Bernama) — All recipients of last year’s 1Malaysia People’s Aid (BR1M) will be receiving the first of BR1M 2017 payment latest by March 17.

In a statement here today, the Finance Ministry said the recipients of the first payment would include 705,562 applicants whose applications were rejected for having licences under the Companies Commission of Malaysia (SSM).

However, the applicants with SSM licences would still have to submit a statement of income or bank account to the Inland Revenue Board during the appeal period until May 31 for verification.

According to the statement, failure to submit the necessary documents might cause the subsequent BR1M 2017 payment could not be proceeded.

A total of 6,320,769 applications for the BR1M 2017 were approved, involving an allocation of RM5.41 billion.

BR1M includes RM1,200 each to 3,242,048 households earning RM3,000 and less a month; RM900 each to 291,918 households earning between RM3,001 and RM4,000 a month; and RM450 each to 2,786,803 individuals earning below RM2,000 a month.

— BERNAMA