Malaysia News

BPN2.0 and GKP2.0

Malaysia government has announced Kita Prihatin on 23 September 2020. GKP2.0 and BPN2.0 are part of the benefits.

GKP2.0

  • GKP 2.0 is a one-off financial assistance amounting to RM3,000 to micro & Medium Enterprises (SMEs) who are qualified to ease the financial burden of business while increasing productivity and production productivity.
  • Application period: 1st October 2020 to 31st October 2020
  • Result: 15th November 2020
    • NOT a previous GKP recipient;
    • Applicants must have Malaysian citizenship status;
    • Applicants running Small & Medium Companies
    • Total annual sales or turnover is less than RM300,000; and
    • The number of full-time employees does not exceed 4 people, excluding owners; and
    • Registered with the following agencies;
      • Inland Revenue Board of Malaysia (IRBM) before or on 31 August 2020; or
      • Local Authorities (PBT) or Companies Commission of Malaysia (SSM) before or on 31 August 2020
    • Still active in running the business when the application is made

BPN2.0

  • Recipients: BPN 2.0 recipients are recipients who have received the last payment of BPN 2020 before.
  • Application: Do not need to apply for BPN 2.0 if you have received the last payment of BPN 2020 before. New application can be made from 15th October 2020
  • Update: Updating bank account information is NOT allowed because the BPN 2.0 payment method is same as the last BPN 2020 payment method before
  • Bank Account Closed or Inactive: Payment method: cash claim at BSN branch
  • Category

    Income

    Payment Phase

    Total

    Phase 1

    Phase 2

    Household

    B40

    ≤RM4,000

    RM700

    RM300

    RM1,000

    M40

    RM4,001 – RM8,000

    RM400

    RM200

    RM600

    Single

    B40

    ≤RM2,000

    RM350

    RM150

    RM500

    M40

    RM2,001 – RM4,000

    RM200

    RM100

    RM300