Connect with us

Hi, what are you looking for?

Malaysia News

RM100 e-Tunai Credit Assistance For B40 and M40 in Q4

Prime Minister Anwar Ibrahim’s Bold Move to Boost Cashless Economy and Aid Low-Income Groups

In a significant move to support the nation’s cashless payment culture and provide financial relief to low-income individuals, Datuk Seri Anwar Ibrahim, the Prime Minister of Malaysia, has announced the e-Tunai RM100 credit assistance program. 

This initiative is set to offer RM100 worth of e-Tunai credits to all Malaysian adults with an annual income of RM100,000 or less, positively impacting more than 10 million people aged 21 and above, including the B40 and M40 groups. With an allocation of approximately RM1 billion, this ambitious plan aims to stimulate economic growth and empower citizens across the country.

Image by Berita Harian

The e-Tunai initiative for adults builds upon the success and positive reception of the e-Tunai program previously launched by the government. The e-Tunai Belia Rahmah e-wallet aid, offering RM200 to youth and students, has already laid the foundation for fostering a cashless payment culture among the younger generation. Recognizing the benefits and effectiveness of such programs, the government has extended the e-Tunai initiative to a broader audience, ensuring financial inclusivity and promoting digital payment adoption.

Eligibility 

To be eligible for the e-Tunai RM100 credit assistance, individuals must be:

  1. Malaysian citizens
  2. Aged 21 years and above
  3. Annual income of RM100,000 or less

To be eligible for e-Tunai, you must be a citizen who is 21 years old or older, and you must be earning RM100,000 or less annually, which is roughly RM8,333 per month.

While the service providers for the e-Tunai RM100 credit assistance have not been officially announced, it is expected that e-wallet platforms like Boost, Setel, and Touch ‘n Go, which were involved in the previous e-Tunai Belia Rahmah program, will once again play a pivotal role in the distribution of these credits. 

Implementation Timeline

The Ministry of Finance has projected the implementation of the e-Tunai RM100 credit assistance to take place in the fourth quarter, from October to December. 

Image from X

As the government prepares to roll out this program in the coming months, millions of Malaysians stand to benefit from the economic boost and financial support provided through this forward-thinking initiative. By empowering citizens with e-Tunai credits, the nation moves closer to achieving its vision of a technologically advanced and financially resilient future.

Loading spinner
Written By

Latest Posts

Entertainment

Image by stanleysc_ (on Instagram) Hong Kong’s entertainment scene lit up with excitement as popular Cantopop stars Stanley Yau shared his thrilling experience of...

2710294 2710294

Entertainment

Hong Kong veteran actor Kent Cheng celebrated his 73rd birthday on May 22, surrounded by his former co-stars and close friends. Cheng, who has...

Tech News

Image by 24/7 Wall St Apple is a giant in the tech world, known for its innovative products and loyal customer base. However, constantly...

7fd65d414e1b2f7e28fe46771f5c77c5 7fd65d414e1b2f7e28fe46771f5c77c5

Entertainment

TVB actress Samantha Ko has had a remarkable year, highlighted by her standout role in the drama series The Queen Of News. Her portrayal...

Entertainment

Image by Etix.my Mark your calendars! The sensational Japanese  girl group XG is set to light up the Mega Star Arena on August 7...

Entertainment

Views: 118

Entertainment

Views: 152

Entertainment

Views: 71

error: Content is protected !!