February 27, 2024

New Malaysia Times

Blog News Impose Expose

The 40 initiatives under PENJANA

penjana

KUALA LUMPUR, June 5 – The following are the 40 initiatives under the National Economic Recovery Plan (PENJANA) worth RM35 billion announced by Prime Minister Tan Sri Muhyiddin Yassin:

EMPOWER PEOPLE:

1 Wage Subsidy Programme – RM5 billion

2 National Employment Services Job Portal Upgrade – to benefit 50,000 unemployed

3 Hiring and Training Assistance for Businesses – RM1.5 billion

4 Reskilling and Upskilling Programmes – RM2 billion

5 Gig Economy Social Protection and Skilling – RM75 million

6 Flexible Work Arrangement Incentives – RM800 million

7 Child Care Subsidy – RM200 million

8 MY30 Public Transport Subsidy – RM200 million

9 Social Assistance Support for Vulnerable Groups – RM108 million

10 PEKA B40 Healthcare Support – RM50 million

11 Internet Connectivity for Education and Productivity – RM3 billion

PROPEL BUSINESSES:

12 Micros and SMEs E-commerce Campaign – RM70 million

13 “Shop Malaysia Online” for Online Consumption – RM70 million

14 Technical and Digital Adoption for SMEs and MTCs – RM700 million

15 MyAssist SME One-Stop Shop – RM5 million

16 PENJANA SME Financing (PSF) – RM2 billion

17 PENJANA Tourism Financing (PTF) – RM1 billion

18 PENJANA Microfinancing – RM400 million

19 Bumiputera Relief Financing – RM500 million

20 SME Go-scheme for Liquidity Support – RM1.6 billion

21 Accelerated Payment Terms for GLCs and Large Corporates’ Supply Chain – to benefit companies in the supply chain of selected GLC and large corporations

22 Tax Relief for COVID-19-Related Expenses – RM600 million

23 Financial Stress Support for Businesses – RM2.4 billion

24 Social Enterprises Elevation – RM10 million

25 Spurring Set Up of New Businesses – RM300 million

STIMULATE THE ECONOMY:

26 Dana PENJANA Nasional – RM1.2 billion

27 National Technology and Innovation Sandbox – RM100 million

28 Digitalisation of Government Service Delivery – RM20 million

29 National “Buy Malaysia” Campaign – RM20 million

30 ePENJANA Credits in e-wallet – RM750 million

31 Incentives for Property Sector – RM1 billion

32 Tax Incentives for Purchase of Passenger Cars – RM897 million

33 Extended Service Hours in the New Normal – RM20 million

34 Malaysia as Attractive Horizon for Businesses – RM50 million

35 Tourism Sector Support – RM1.8 billion

36 Arts, Culture, Entertainment, Events and Exhibitions Sector Support – RM225 million

37 Agriculture and Food Sector Support – RM400 million

38 Commodity Sector Support – RM200 million

39 Proposed COVID-19 Temporary Measures Act – to benefit manufacturers and renters

40 Sukuk Prihatin – RM500 million