Minister of Finance: the E-Pemula program will benefit more than two million young people | Malaysia

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz speaks during a press conference at the Ministry of Finance in Putrajaya on March 16, 2022. — Photo by Yusof Mat Isa

KUALA LUMPUR, March 27 – More than two million young people are set to benefit from the soon-to-be-launched RM300 million e-Pemula scheme, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has said.

e-Pemula is a cashless transaction system for young people between the ages of 18 and 20, as well as full-time students at higher education institutions, where RM150 will be credited on a one-time basis to their respective e-wallets .

Speaking today at the “My Money and Me” virtual financial management workshop held in conjunction with Global Money Week 2022, Tengku Zafrul pointed out that the 2022 budget has provided many funds and finance facilities specifically for young people.

“For example, if you are a young entrepreneur, there is the RM150 million young entrepreneur finance scheme offered by Bank Simpanan Nasional and Agrobank.

“Additionally, since 2019, the government has been providing a stipend of RM900 to students pursuing industrial training programs to ease their financial burden,” he said.

The Minister of Finance also took the opportunity to remind young people of the importance of practicing positive financial management.

“To achieve financial well-being, you must familiarize yourself with the concept of self-control and familiarize yourself with the world of investments, as well as takaful and insurance plans which, to some extent, will help ensure financial well-being,” he added. — Bernama

Comments are closed.