In his announcement on 23 September, Prime Minister, Tan Sri Muhyiddin Yassin announced a new package called Kerangka Inisiatif Tambahan Prihatin (Kami Prihatin) to help Malaysians struggling during the Recovery Movement Control Order.
One of the sub-packages announced was GKP 2.0 (Geran Khas Prihatin 2.0) intended to help SME (Small and medium-sized enterprises) owners. GKP 2.0 is a one-off financial assistance amounting to RM3,000 for qualified business owners to alleviate the financial burden of their business while increasing production and service productivity.
How to know if I’m eligible for the GKP 2.0?
Firstly, you need to fulfil these eligibility requirements :
- Not a previous GKP recipient
- Applicants must have Malaysian citizenship status
- If you’re running a Micro SME, your business needs to have a total annual sales or turnover less than RM300,000 AND your number of full-time employees must not exceed 4 people, not including owners.
Next, you need to check if you’ve registered with these agencies:
- Inland Revenue Board of Malaysia (LHDNM) before or on 31 August 2020; or
- Local Authorities (PBT) or Companies Commission Malaysia (SSM) before or on 31 August 2020
Your business also has to be actively running when you make the application.
To apply for the GKP 2.0, you must submit an online application through the official GKP Portal here as manual applications will not be accepted. Applications will be opened starting on 1 October and will end on 31 October 2020. You can check if your application is successful beginning 15 November 2020.
If your application is successful, the payment will be credited into your bank account starting 25 November 2020!
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