Brim is a new financial help that has been initiated by the Malaysian government to some of the targeted sections with financial aid. The brim 2016 continues to ride high with improvements and new changes coming up every year making it far more useful and easy to access. The authorities are making every possible way to make the scheme successful and much more efficient. With every year the scheme is improving and is delivering financial aid to the need in an effective manner. The scheme has been simplified to a great extent and the amount is deposited directly to recipient’s account.
New Schemes and Changes
Brim is being constantly monitored and evaluated by market experts to make it far more beneficial and effective. The brim 2016 is insured by Takaful Kumpulan Rakyat scheme that helps a minimum coverage of RM1,000 for all deaths that are caused due to natural causes and maximum of RM30,000 in case of permanent disability or other fatal accidents. It has been found that under brim 2016 it will cover around 5.9 million recipients across the country. The new insurance policy which has been added with the scheme will ease the burden and help recipients to deal with unforeseen situation. It will also help them in getting financial safety.
Brim- blessing in Disguise for All Low Income Groups
The brim 2016 is no doubt and effective and suitable measure that have been taken by the local government to tackle the problem of poverty. The scheme has been efficiently designed such that it can help low income groups with economic stability. According to the scheme the government has reduced petrol subsidy and it is benefitting Rakyat’s to a great level irrespective of their social status as well as income level. The real issue is that bulk subsidy is tackling the case of wastage of leakage effectively.
Measure to Benefit Rakyat in All Grounds
The government is taking some proactive steps to ensure benefit of Rakyat and make sure they are enjoying economic prosperity in all grounds. As a result of petrol subsidy the government is able to increase BR1M value to a great level helping the need in all possible ways. It is estimated that in the coming 5 year BR1M payment will rise up to RM1,200. If it is really possible it will definitely help the lower group section and help the country to march forward with economic growth and stability.
Constant Effort to Ensure Stability for All
With all such schemes it is important to find the best andmost effective formula that will help the country to remain resilient even in such global economic uncertainty. Moreover it is important to ensure the safety and well-being of Rakyat group. According to latest news it has been decided that BR1M will continue as long as there is political stability and economic growth for the country. This will help the government to reach out every needy and lower group with proper financial assistance or aid.