6.5 mln eMADANI credit assistance applications approved, RM650 mln disbursed

eMADANI. Photo credit: TVS

KUCHING, Dec 6: Deputy Finance Minister Datuk Seri Ahmad Maslan reveals that 6.5 million eMADANI credit assistance applications have been approved, and RM650 million disbursed to eligible recipients.

According to a TVS news report, Ahmad stated that 1.8 million applications are still awaiting approval as it takes one to five days from the date of application for applications to be processed.

He noted that many applications had been received in the three days since applications were open on Dec 4, even though the deadline is until Feb 20, 2024.

He told reporters this after conducting an expenditure survey using eMADANI at a supermarket in Putrajaya today.

“However, those who feel eligible but have their application fail can appeal,” he said.

Ahmad also explained that applications made via other e-wallet service providers will be rejected if they fail in the first application.

He said those whose applications failed could appeal through several platforms through [email protected] or by calling 03-88824565 and 1800882747.

The four e-wallet service providers are Shopee, MAE Maybank, Touch N’ Go or Setel Petronas.

Ahmad further stated that one of the reasons why applications failed or are not eligible is because individuals did not submit their taxes for the assessment year 2022 within the stipulated period.

He said this is because the eligibility for the eMADANI assistance is identified through the tax return for the assessment year 2022 if the applicant is not a recipient of Rahmah Cash Contribution.

“If they make a tax declaration and are still ineligible, the possibility of registering their name in the e-wallet platform and LHDN (Inland Revenue Board) records is not the same, and they can appeal.

“Examples of individuals who cannot apply also include university students because they have received eBeliaRahmah,” he said.

He added issues related to eMADANI applications faced by the public will be brought to the post-cabinet meeting of the Ministry of Finance.

Meanwhile, he said the strict conditions set for the eMADANI programme are an effort to help micro, small and medium enterprises (MSMEs).

“We want to help the people by developing the local economy instead of big companies such as for toll payments and so on,” he said.

eMADANI credit registration and claims that started last Monday will benefit 10 million people, involving an allocation of RM1 billion. — DayakDaily