Budget 2021: Youths aged 18-20 to receive RM50 credited through e-wallets

By Iylia Marsya Iskandar

GOMBAK, 6 November 2020: In an effort to culturalise cashless transactions, the government through the eBelia programme, will credit a one-off payment of RM50 into e-wallet accounts of youths aged between 18 and 20.

In tabling the 2021 Budget today, Finance Minister, Datuk Seri Tengku Zafrul Abdul Aziz said that RM75 million has been allocated to the eBelia programme and would benefit approximately 1.5 million youths nationwide.

The Finance Minister emphasised that this move is important as “youths play an important role as precursors and consumers in adapting to the latest technology.”

Furthermore, the Finance Minister highlighted that the youth are the foundation for the future generation, thus the government will be allocating RM250 million that is expected to benefit about 50 million fresh graduates.

To provide adequate exposure to the youth, the government will be allocating incentives to private employers.

The Finance Minister explained, “The incentive is of the amount of RM1,000 per month for three months for each fresh graduate going through apprenticeship.

Not only that, employers can redeem a grant up to RM4,000 for the apprentice programme.”

The budget, themed “In Our Strength Lies Our Collective Victory”, is anchored on three thrusts, namely the people’s wellbeing, business continuity and economic resilience. ***

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