The Socioeconomic Development of Indian Community Unit (SEDIC) was designated as an implementation entity for the Malaysian Indian Blueprint (MIB). SEDIC was restructured in line with the focus areas and initiatives defined in the Blueprint to uplift the socioeconomic status of the Indian community, especially B40.

Launching Ceremony of Special Investment Scheme for Indian B40 Families

05 April 2018
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. 

This SEDIC-PNB investment scheme is crucially aimed at achieving the target earmarked in the Malaysian Indian Blueprint (MIB), which is to ensure at least 50% of registered poor households can demonstrate increased savings within 10 years of MIB implementation.  

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.