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Youths between the age of 18 and 20, including full-time students in higher learning institutions will see RM150 credited on a one-off basis into their respective e-wallets under the proposed RM300mil e-Pemula programme.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said that the e-Pemula programme, which will be launched soon, would benefit over two million youths in the country.
He added that there are also a number of funds and financing facilities targeted to aid the youths in Budget 2022.
“For example, if you are a young entrepreneur, there is the RM150mil Young Entrepreneur Financing Plan offered by Bank Simpanan Nasional and Agrobank.
“Additionally, since 2019, the government has been providing a RM900 allowance to students undergoing industrial training programmes to ease their financial burden,” he said.
Tengku Zafrul advised the youth to familiarise themselves with investing and also the importance of practising sound financial management.
“To achieve financial well-being, you need to familiarise yourself with the concept of self-control and get acquainted with the world of investments, as well as takaful and insurance plans that will, to some extent, help ensure this.”
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