Malaysian Family Aids RM1.4 billion, car companies offering free tow truck service to flood victims – PM Ismail

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PUTRAJAYA DEC.29: Several car companies are offering initiatives to flood victims who have incurred losses on their personal vehicles that have been damaged by the disaster that hit eight states nationwide last week.

Prime Minister, Datuk Seri Ismail Sabri Yaakob said, among the initiatives include Perodua is providing free tow truck to the service centre and free labour for repair works apart from 50 per cent discount on the spare parts.

Ismail said, Proton has also agreed to give discounts on the spare parts for most of the models and offers free tow truck service and car wash at the registered service centres. Meanwhile almost all other car companies are offering free tow truck services and 25 per cent discount or more on spare parts and repair works at the registered service centres.

“Several companies are also offering instalment payments up to one year and vouchers amounting RM1, 000 to be used to repair or purchase a new car to replace the personal vehicle that has been categorised under total loss,” Ismail said in a statement here today.

The Prime Minister added, besides the Malaysian Family Aids amounting to RM1.4 billion, under this initiative the government has implemented the Compassionate Financial Aid or Bantuan Wang Ihsan (BWI).

Under the BWI Ismail said, RM1, 000 has been channelled to each head of household or KIR that has been impacted by the floods including those who did not shift to the relief centres (PPS) and RM10, 000 to the next of kin of the flood victim who died. Flood victims now could make BWI claims each time they are being hit by the flood and not only once during the Northeast Monsoon season.

“Realising that the flood victims need cash money, the state government has made BWI payments beginning 27th December and is expected to complete this week. For those who need to increase the cash money access, Bank Simpanan Nasional (BSN) has allocated RM100 million and offer financing loan until RM10, 000 without interest with repayment until 3.5 years including moratorium repayments for six months.

Apart from that Ismail said, Bank Negara Malaysia has allocated RM500 million fund known as Disaster Relief Facility (DRF) via commercial banks up to RM500, 000 to SMEs and RM75, 000 for micro entrepreneurs.

“The payment period is until five years including moratorium up to six months with the financing rate of 3.5 per cent per year. The application for BSN loans and DRF has been opened on 27th December 2021.

“For the first two days as of 28th December 2021, BSN has received applications worth RM25 million and has approved RM10 million loans,” Ismail said. – Malaysia World News

Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

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