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Are You A Single Mom or A Sole Breadwinner? The Govt is Allocating RM5mil For You!

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Budget2022 Women Header
Source: FreePik & iStock

While we adapt to the new normal way of living, it’s time for us to kick start the upcoming new year and focus on reaching our goals and dreams.

For independent women out there who are aiming to kick start their careers, here’s how the MyKasih Capital Programme can help you generate income from your own homes!

Women Business 1

 

What is the MyKasih Capital Programme & how does it work? 

If you don’t already know, the MyKasih Capital Assistance Programme is one of the additional government incentives announced by Tan Sri Muhyiddin Yassin, and launched in conjunction with the Women’s Day Celebration back on 8 March this year.

Through Budget 2022, a total of RM5 million is allocated for the implementation of the MyKasih Capital Programme to encourage women to generate income from home.

This incentive is a basic business capital assistance that will be provided in addition to a coaching program to promote online business.

It is given as an effort to encourage women to do business, especially those involved in e-commerce or dropship.

Mykasih 1

The program is expected to benefit 5,000 participants including 2,000 single mothers, by offering a minimum of RM500 to a maximum of RM1,000 (depending on the type of business).

 

What are the requirements to be eligible?

  • Malaysian citizens, aged 18 years and above
  • Only for women
  • The head of the family who is the sole breadwinner of the family
  • Individuals who support a family but lost their livelihood
  • Women who have a husband but the husband is unable to earn a living due to illness
  • Interested and eager to venture into business as a source of income

Women Business 2

 

How to apply?

Applicants can simply submit an application through the National Welfare Foundation (Yayasan Kebajikan Negara, KPWKM).

If you are interested but have questions, you may contact:

Yayasan Kebajikan Negara, Malaysia.
Level 8, KPWKM Building,
No.55, Persiaran Perdana,
Precinct 4, 61200 Putrajaya.

You may also call 03 – 8323 2433 or visit the website https://yknm.org.my/.

 

What’s the objective behind this programme?

According to the Minister of Women, Family and Community Development, Datuk Seri Rina Harun, the main objective of the programme is to empower the economy of women affected by the pandemic through business capital aid, thus helping to improve the living standards of those in need of financial assistance.

Here are some of the other objectives of the programme:

  • Empowering the economies of target groups affected by the COVID-19 pandemic through business capital assistance.
  • Help improve the living standards of those who need immediate financial assistance through financial allocation to start a business.
  • An approach that optimises the potential of individuals based on their skill areas so they won’t have to continue to rely entirely on government assistance.

Go forth and conquer the world ladies! We can do this!

 

Source: Sociable
Source: eCentral
Source: Freepik

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