BR1M Increased But Disbursed In Three Times

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KUALA LUMPUR, Oct 10 – A major increase has been announced for the the Bantuan Rakyat 1 Malaysia (BR1M) handouts in 2015 which will be distributed in January, May and September after taking into account the government’s additional revenue from the Goods and Service Tax (GST) and its fiscal capabilities. “We will increase BR1M from RM650 to RM950. The assistance is for households with a monthly income of RM3,000 and below,” said Prime Minister Datuk Seri Najib Razak in tabling Budget 2015 at the Parliament this afternoon. He said for this income bracket, the first and second disbursements would consist of RM300 each while the third would consist of RM350.

“For households with a monthly income between RM3,000 and RM4,000, the government will increase BR1M from RM450 to RM750,” said Najib. He said that those in this income bracket would receive first two disbursements of RM200 while the third handout would amount to RM350. Najib said for unmarried individuals older than 21 years with a monthly income not exceeding RM2,000, the government would raise their BR1M from RM 300 to RM 350 in one handout early next year. He also announced that the previous BR1M insurance scheme would be replaced. “The government will replace the group takaful insurance or i-BR1M with the Family Bereavement Scheme. The new scheme will entitle the next of kin of BR1M recipients to receive RM1,000 effective for a year,” said Najib.

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