BR1M 2017 Malaysia grand announcement – well the world is certainly singing praises! Undoubtedly a commendable step by the Barisan National Government to push down the country’s poverty ratio by large. It is no hidden fact that the party has always kept an eye out on the poor man’s plight. Helping these down and out families tackle the financial burdens with ease, the government has doled out billions of ringgits to underprivileged Malaysian families. Per records, bulk funds of more than 2.6 billion has been distributed in more than 5.2 million households in the country. Well, the reformations are still on a roll and what’s latest is the Berita Terkini. Proposed in the budget of 2017, greater perks are extended to impoverished families to keep up with the increasing expenses of the current times.
Before delving any deep and exploring the new reforms brought into boards, it is worth learning why the Bantuan Rakyat 1 Malaysia program was channelized in the first place. Was it just an act of responsibility to ward-off poverty? Surely a prior cause behind the initiative but Prime Minister Datuk Seri Najib Tun Razak is leaving no stones unturned to make Malaysia a profuse economic den in full swing. However, here’s a few pros and cons that cannot be ignored with the Berita Terkini in practice.
Bear in mind, money and particularly free money is loved by all and sundry. Billions of ringgits sum up to a lot of money. Agreed? Individuals and poverty-stricken families must not resort to government subsidies and funds allocated as their only means. Way too dependency on the perks handed out might turn penniless civilians reluctant to work and consider new earning opportunities. The whole objective is to cut down financial deficits. A balance must be restored.
There’s no doubt that handing out funds to the penniless mass will hike up domestic consumption. This certainly evokes chances of bigger greater investments in the country. Still thinking why? Obviously because the consumer capacity will rise. In a nutshell, businesses are bound to flourish which is directly proportional to the increase of salaries and burgeoning of taxes. Overall, the government is on the right track to fetch back more than what’s handed out.
So, are you all geared to know about the altered prospects of the all-new Berita Terkini? Here’s a quick summary:
Per the new scheme, no longer will families with income less than RM3000 get hands on just RM500. The funds allocated are now RM1200. However, if the family earns more than RM3000 but less than RM4000, financial assistance of only RM900 are extended.
Individuals with scanty income of less than RM2000 were earlier entitled to just RM250. Fortunately, the new economic reform act proposes funds of RM500 to be allocated to such distressed individuals.
New bereavement scheme has also been introduced in the act. Per this, immediate kin of the registered BR1M recipient will receive RM1000 as compensation in case of accidental or unfortunate events of death.
Stay up to date with the eligibility criteria and rule out poverty without any delay.