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Report
Building an inclusive economy
Free Malaysia Today
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10/14/2024
The 2024 budget does just that by bringing the most vulnerable communities within the purview of mainstream policy.
Read More:
https://www.freemalaysiatoday.com/category/opinion/2024/10/17/building-an-inclusive-economy/
Laporan Lanjut:
https://www.freemalaysiatoday.com/category/bahasa/pandangan/2024/10/17/membangunkan-ekonomi-inklusif/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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Transcript
Display full video transcript
00:00
Building an inclusive economy involves meeting the needs of all social groups
00:06
and providing them with the necessary resources and incentives
00:10
to boost Malaysia's overall economic demand.
00:14
Budget 2024 did just that by empowering marginalized groups
00:18
through the Sumbangan Tunai Rahma and Sumbangan Asas Rahma programs.
00:22
Under SDR, low-income households can apply for a one-time cash aid
00:28
of up to Rp 3,700, a Rp 600 increase from 2023
00:33
to compensate for inflation and a higher cost of living.
00:38
This was made possible after the government allocated Rp 10 billion to the scheme
00:42
under Budget 2024, affirming its commitment to assist vulnerable groups.
00:48
Similarly, SARA offers cash assistance to poor families
00:52
by loading funds onto their identity cards,
00:55
which can then be used to purchase essential goods at selected supermarkets.
01:00
Additionally, the Bayong Rahma initiative, including RahmaSales and Pasar Rahma,
01:05
was able to continue to support low-income individuals
01:09
with a Rp 200 million allocation from Budget 2024.
01:14
These initiatives, benefiting around 60% of Malaysian adults,
01:18
have provided countless B40 and M40 families with the much-needed support
01:23
to build a sustainable pathway to a better life.
01:27
For example, participants in the Bayong Rahma program
01:31
are encouraged to set up their own small businesses,
01:34
working with the goal of becoming a micro-entrepreneur in the future.
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