Launching Ceremony of Special Investment Scheme for Indian B40 Families
Following the 2018 budget announcement by YAB Prime Minister Dato’ Sri Najib Abdul Razak, an additional 1.5 billion units allotted under the Amanah Saham 1Malaysia Scheme (AS1M) was launched on 29 January 2018 to enable Malaysian Indians to invest in this unit trust fund, limited to 30,000 units per investor. The main purpose of this initiative is to encourage and increase savings of the Malaysian Indians.
To ensure equitable representation in this investment scheme, especially for the benefit of B40 families, the Government has also allocated a special funding of RM500 million as an interest free loan scheme over a period of 5 years. An interest free loan of RM5,000 for the purpose of investing in AS1M will be provided to qualified B40 families and this investment scheme would eventually supplement the savings of 100,000 participants from the B40 households, particularly those below the poverty line.
Join us in the Launching Ceremony of Skim Pelaburan Khas Masyarakat India B40 officiated by YAB Perdana Menteri Dato' Sri Mohd Najib Razak and YB Datuk Seri Dr. S. Subramaniam on April 7 at Padang Bola Sepak PPR Kerinchi, Kuala Lumpur.
SCHOLARSHIPS & EDUCATION LOANS
28 Mar 2018
2017 SEDIC PROGRAM PROVIDERS LIST
22 Jan 2018
15 Jul 2017
million since 2014
over organisation funded