All Malaysian citizens aged 21 and above, earning RM100,000 and below in annual wages, will be eligible to receive a RM100 e-wallet incentive directly from the government.

The inspiration for this groundbreaking incentive stems from the resounding success and significant impact of the e-wallet credit rollout programme previously implemented. Recognizing its potential to spur economic growth and alleviate financial burdens on citizens, the government is now taking proactive steps to extend this benefit to a wider demographic.

During the launch of the ambitious "Ekonomi Madani: Memperkasa Rakyat" (Madani Economy: Empowering the People) framework, Prime Minister Anwar expressed his enthusiasm for the initiative. He revealed that an estimated 10 million Rakyat, representing individuals from the B40 and M40 income groups, are expected to qualify for this e-wallet incentive. To support this substantial number of recipients, the government has allocated a budget of around a billion ringgit.

To ensure seamless distribution and accessibility, the government is expected to provide clear guidelines and instructions for eligible citizens on how to claim and utilize the e-wallet incentive. This user-friendly approach aims to maximize the participation of the targeted demographic, ensuring that every eligible individual benefits from this transformative initiative.

More to be updated.

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Source: Malay Mail