KUALA LUMPUR – Over two million youth are expected to benefit from the soon-to-be-launched RM300 million e-Pemula programme, said Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.
e-Pemula is a cashless transaction scheme for youth aged between 18 and 20 years old as well as full-time students in higher learning institutions, where RM150 will be credited on a one-off basis into their respective e-wallets.
Speaking at the virtually held “My Money & Me” financial management workshop in conjunction with Global Money Week 2022 today, Tengku Zafrul highlighted that Budget 2022 had provided many funds and financing facilities specifically for youth.
“For example, if you are a young entrepreneur, there is the RM150 million Young Entrepreneur Financing Plan offered by Bank Simpanan Nasional and Agrobank.
“Additionally, since 2019, the government has been providing a RM900 allowance to students undergoing industrial training programmes to ease their financial burden,” he said.
The finance minister also took the opportunity to remind the youth of the importance of practising positive financial management.
“To achieve financial well-being, you need to familiarise yourself with the concept of self-control and get acquainted with the world of investments, as well as takaful and insurance plans that will, to some extent, help ensure financial well-being,” he added. – Bernama, March 27, 2022
