The Finance Minister has announced a new programme for youths that will benefit over 2 million youths in the country. The government has set aside RM300 million for the e-Pemula programme that is about to be launched.
Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the e-Pemula is a cashless transaction scheme for youths 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.
He added that Budget 2022 had provided many funds and financing facilities specifically for youths. 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 an RM900 allowance to students undergoing industrial training programmes to ease their financial burden,” he said.
This comes as many youths have been severely impacted by the pandemic and have yet to regain from the impact, unemployment among youths is still at all-time high many who took up menial jobs are struggling to make ends meet.