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
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