Main image via The SunDaily
Listen up! Targeted Subsidy Programme (PSP) will be made eligible from January 2020 in Peninsular Malaysia to those who own not more than two cars and two motorcycles!
via GIPHY
Here's the qualifying criteria for the vehicle:
- A passenger car with 1,600cc engine capacity and below or
- Any car above 1,600cc that must be more than 10 years old or
- A motorcycle with 150cc and below or
- Any motorcycles above 150cc that must be more than seven years old.
These are the eligible categories for the PSP:
1. Recipients of “Bantuan Sara Hidup” (BSH) will receive RM30 per month if they own a car and RM12 if they own a motorcycle. This subsidy will be in the form of cash transfer, which will be deposited into the recipient’s bank account every end of the 4th month. In example, for the period from January – April 2020, the payment will be made in April 2020.
2. For those who do not receive BSH, a special Kad95, which allows you to enjoy the fuel subsidy at a discount of 30cents per liter limited to 100 liters per month for cars and 40 liters per month for motorcycles, will be given. This can only be used when purchasing RON95. The card system will be implemented progressively during the first quarter of 2020.
Image via SunDaily
This is just one of the many interesting updates from the #Budget2020! What do you think about this initiative?
Info via The Star
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