KUALA LUMPUR: More than RM2bil will be spent to assist victims of the large year-end floods that affected a number of elements of the nation, stated Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
“A total of RM1.4bil worth of aid was announced by the Prime Minister on Dec 29 for flood disaster relief which is a comprehensive and unprecedented aid package to address the flooding brought about by the monsoon.
“Based on expenditure for various aid, the need to repair damaged homes and public amenities – this amount will exceed RM2bil,” the Finance Minister stated when participating within the one-day particular sitting in Dewan Rakyat yesterday to debate the year-end flooding that affected the nation.
In comparability, he stated {that a} complete of RM142mil was channelled to assist flood victims in 2014 whereas between RM5.4mil and RM26mil was channelled between 2016 and 2020.
So far, he stated that RM300mil has been channelled out for the aim.
Since Dec 27 final yr, he stated that RM75mil was given out to 75,000 victims who had acquired RM1,000, a rise of RM500 beforehand.
“The families of the 46 victims who died in the floods have each received RM10,000.
“To date, RM125mil has been channelled to states affected by the floods to coordinate providing aid to victims, and bereavement aid to those affected,” he added.
For flood broken properties, he stated that between RM5,000 and RM56,000 in assist was supplied for repairs and rebuilding of latest properties.
Apart from this, he added that nearly 5,000 car homeowners got RM1,000 to restore their flood broken autos or to use the cash to exchange their autos.
Tengku Zafrul additionally stated that it was additionally the primary time that flood victims have been supplied with RM500 low cost vouchers to buy family home equipment to exchange these misplaced within the floods.
He stated 5,100 victims have been supplied with vouchers price RM2.5mil.
He added that Bank Negara Malaysia has additionally put aside a RM500mil fund for industrial banks to help small and medium enterprises and micro-entrepreneurs between RM75,000 and RM500,000.
He stated the RM30.4mil price of loans have additionally been disbursed to these teams.
He added that Bank Simpanan Nasional had, for the primary time, provided interest-free loans with a six-month moratorium to flood victims for loans up to RM10,000.
