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Saturday, Oct 11, 2014

Malaysia

$117 to ease burden of middle-income Malaysians

The Star/ANN | Saturday, Oct 11, 2014

(from left) Telwin Kaur, 23, Simran Kaur,26, Arshdep Singh, two, Virenddep Singh, five, Ajmer Singh,58 and Jinter Kaur,52 sharing their opinion on Budget 2015.

Taxi driver C. Satkunaseelan and his family have more than one reason to rejoice over Budget 2015.

Not only is his family getting an increase in BR1M from the Government, he is also excited about the prospect of starting a business under the Indian Entrepreneurs Financing Scheme of the Tekun programme.

The scheme has been allocated RM50 million(S$19.6 million) under the budget.

"I am happy that the Government will raise the BR1M from RM450 to RM750 for families like mine," said Satkunaseelan, 60, whose family is eligible for the increased amount as his combined monthly income falls between RM3,000 and RM4,000.

The father of four aged between 15 and 27 and his kindergarten teacher wife S. Kalyani, 59, jointly earn about RM3,500 a month.

Satkunaseelan said he and Kalyani are interested in running a catering business with funds from the scheme.

"We have been wanting to start a small business to boost our household income. This announcement is great news for us," he added.

Satkunaseelan and his extended family live in a four-bedroom terrace house here.

His eldest, Rina, is married while his oldest son Anuram, 25, is between jobs.

His younger sons Nishantram, 20, and Adhi Shankar, 15, are in college and Form Three respectively.

Rina, whose husband M. Subramanim, 29, works for a children's home, is equally happy with the higher BR1M.

"My husband earns about RM1,500 a month and the additional money will be a great help," said Rina, who has a four-year-old daughter.

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