Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, Nov 6 ― The federal government announced today it will provide a one-off credit of RM50 to the e-wallet accounts of those aged between 18 to 20 through its eBelia programme.
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the initiative, which will cost RM75 million, is expected to benefit more than 1.5 million eligible youths nationwide.
“Youths play an important role as pioneers and users in adapting to the latest technologies.
Towards culturising cashless financial transactions, the government through its eBelia programme will credit a one-off RM50 payment into the e-wallet accounts of those aged between 18 and 20,” he said in his Budget 2021 speech.
He also said the government will provide a monthly incentive of RM1,000 to private sector employers up to a period of three-months for every fresh graduate that participates in the apprenticeship programme.
This initiative is aimed at providing employment exposure to youths, Tengku Zafrul added.
“In addition, employers can also claim a grant of up to RM4,000 for training programmes for the apprentices.
“The programme is expected to benefit up to 50,000 new graduates with an allocation of RM250 million,” he said.
Separately, the government has also provided an allocation of RM15 million for esports development with RM103 million provided as well to building, upgrading and maintenance of sports facilities nationwide.
“For high-performance sports, the government will provide RM55 million for the development of hockey, rugby, badminton, cycling, and women athletes,” he said.