KUALA LUMPUR, April 21 — As at April 17, a total of 1.5 million applications for the Employees Provident Fund’s (EPF) i-Lestari facility for May have been approved, involving withdrawals totalling RM702 million, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Under the scheme, EPF contributors may withdraw RM500 per month for 12 months from their Account 2, and total withdrawals are expected to reach RM40 billion.
Writing on his Facebook page about the second report on the implementation of the Prihatin Rakyat Economic Stimulus Package by the Economic Stimulus Implementation and Coordination Unit Between National Agencies (LAKSANA), Zafrul said the applications are hoped to be able to ease their burden amid the economic difficulties the country is facing due to the Covid-19 outbreak.
— Bernama
