Malaysia

Budget 2023: govt woos youth with RM400 mil in goodies

Those aged 18 to 20, full-time students over 21 to get one-off RM200

Updated 4 years ago · Published on 07 Oct 2022 8:48PM

Budget 2023: govt woos youth with RM400 mil in goodies
Datuk Seri Tengku Zafrul Tengku Abdul Aziz (third from right) says the government will provide hiring incentives under the Social Security Organisation for employers to hire jobless youths who have been unemployed for over three months. – ABDUL RAZAK LATIF/The Vibes pic, October 7, 2022

by Isabelle Leong

KUALA LUMPUR – The government continues to woo potential youth voters with a galore of goodies, with a significant amount of RM400 million allocated for the ePemula programme. 

In tabling the Supply Bill 2023 in Parliament this afternoon, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said youth between 18 to 20 and full-time students over 21 will receive a RM200 in one-off e-wallet credit under the programme. 

Tengku Zafrul said those in the M40 group with an annual income of less than RM100,000 will receive RM100 in e-wallet credit under the ePemula M40 initiative, which will benefit eight million people. 

“RM20 million will also be allocated to build drag racing strips in the country,” he said.

To encourage more youths to delve into business, he said, a total of RM305 million is available for special loans to this group via SME Bank, Tekun, Mara, BSN, and Agrobank.  

“Among them, RM50 million funding will also be provided through BSN for Skim Penjaja Muda Keluarga Malaysia, which offers loans of up to RM50,000 for 10,000 young individuals to generate their own income through businesses such as food trucks.” 

In addition, Tengku Zafrul said, the government will also provide hiring incentives under the Social Security Organisation for employers to hire jobless youths who have been unemployed for over three months. 

The incentive will also be extended to employers who hire technical and vocational education and training graduates. 

The government, Tengku Zafrul said, will also extend the Pakej Remaja Keluarga Malaysia initiative, which offers 20GB mobile Internet packages for three months at RM30, until April next year. 

The initiative was supposed to have ended in April this year but Prime Minister Datuk Seri Ismail Sabri Yaakob extended it to October. 

Putrajaya has also agreed to bear licence fees under the MyPSV programme and B2 class motorcycle driving licence fees to help B40 youth who generate income through services such as taxis, buses, and e-hailing. 

In July 2019, the Undi18 bill which lowered the minimum voting age to 18 was passed by the Parliament. The bill took effect on December 15, 2021.  – The Vibes, October 7, 2022

Related News

Malaysia / 2y

Balance of Budget 2023 funds must be utilised before year end, says Ahmad Maslan

World / 2y

Indo-Pacific: ‘Substantial conclusion’ on new US-led economic initiative

Malaysia / 3y

60% Budget 2023 spending achievable by August: Ahmad Maslan

Business / 3y

Strategic Investor Pass will attract more FDI, DDI: Tengku Zafrul

Malaysia / 3y

RM188 bil of 2023 budget spent as of June: Anwar

Business / 3y

‘Economic growth sure, but long-term focus on trade, investment necessary’

Spotlight

Malaysia

Denying young candidates opportunities risks leadership gap in future - Adam Adli

Malaysia

Na’imah’s constitutional challenge over police probe dismissed by High Court

Malaysia

AGC orders further police probe into allegations against Negeri Sembilan MB

Malaysia

PH-Bersatu rivalry puts political understanding to test in Melaka polls

Malaysia

Muhyiddin’s sedition trial dates vacated pending fresh AGC review

Malaysia

Man in his 20s killed in suspected revenge attack in Banting, three arrested

Malaysia

Prosecution to call 25 witnesses in Saravanan’s RM1.097m corruption trial

Malaysia

Malaysia on cyberattack radar, government steps up security measures

By Alfian Z.M. Tahir

World

US strikes Iran’s Qeshm Island in latest limited attacks, report says

You may be interested

Malaysia

PKR demands Ab Rauf explain status of 55 Melaka development projects

Malaysia

Ismail’s move to seek Tuanku Muhriz’s consent seen as recognition of ruler’s legitimacy

By Alfian Z.M. Tahir

Malaysia

Anwar highlights 70,000 free helmets initiative to improve motorcycle safety

Malaysia

Malaysia on cyberattack radar, government steps up security measures

By Alfian Z.M. Tahir

Malaysia

Police in Melaka warn candidates against 3R issues, campaign violations

Malaysia

Food supplies sufficient; no need for Malaysia to follow 33 other countries - DPM

Malaysia

DAP presses ahead with Sarawak election preparations

Malaysia

AGC challenges Teoh Beng Hock family's bid to compel murder investigation