Finances and Grants in Malaysia
Select the Guide of Finances And Grants in Malaysia
- Wage Subsidy Program
- Financing Schemes in Malaysia
- PRIHATIN Special Grant (Geran Khas PRIHATIN) (GKP)
Employers can begin to apply for the wage subsidy scheme with Social Security Organisation (SOCSO) beginning from 9 April 2020. Under this wage subsidy program, qualified companies with local workers earning RM4,000 and below will receive wage subsidy assistance of between RM600 and RM1,200 depending on the number of employees for a period of 3 months.
Small and Medium Enterprises (SMEs) are part of Malaysia’s energetic economy, and there are a few financing schemes in Malaysia accessible to help these SMEs surviving and thriving in a competitive business condition.
GKP is a one-off financial aid amounting to RM3,000 to the qualified micro-enterprises to help ease the financial burden of their business which affected by the COVID-19 outbreak.