KUALA LUMPUR (June 6): The Ministry of Finance (MOF) has approved more than 30,000 applications, including those from farmers and small commodity planters in Peninsular Malaysia, for the Budi Madani cash subsidy assistance.

The first cash assistance of RM200 will be credited to the recipients' respective bank accounts on June 10, according to a statement on Thursday.

Meanwhile, recipients without bank accounts can claim the cash assistance by presenting their MyKad at any Bank Simpanan Nasional (BSN) branches across the peninsula.

Eligible applicants can still register to receive Budi Madani this month. Applications made in June will qualify for payment in the same month and the following months, while applications after June will only qualify for payment starting from July.

Budi Madani is a subsidy programme targeting eligible groups. It is divided into individual assistance (Budi Individu), assistance for farmers and small commodity planters (Budi Agri-Komoditi), and companies and public transport vehicles (MySubsidi Diesel).

An estimated 300,000 owners of private diesel vehicles in the peninsula are eligible to receive Budi Individu. Meanwhile, 68,000 farmers, 8,000 livestock breeders, and 34,000 small-scale aquaculture entrepreneurs are qualified to benefit from Budi Agri-Komoditi, the MOF said.

Rejected applicants can appeal

Farmers and small commodity planters who have yet to register with agencies under the relevant ministry are advised to do so before submitting their Budi Madani applications.

“Based on current application data, the majority of applicants who were not approved did not meet the specified eligibility criteria. For example, there were applicants among farmers and small commodity growers who were not registered with the relevant ministry," the MOF noted.