29th October 2021 - 1 min read
Under Budget 2022, the government is introducing yet another one-off e-credit scheme to encourage the use of cashless transactions among Malaysian youths, this time dubbed the e-Start programme.
This new programme will see youths between the age of 18 to 20 years old, as well as full-time students enrolled in tertiary education institutions receiving RM150 worth of e-wallet credit. With an allocation of RM300 million, it is expected to benefit more than 2 million youths.
“The government hopes that the recipients can benefit from it, preferably through useful purchases such as books and learning equipment,” said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz during the tabling of Budget 2022 today.
The e-Start programme follows in the footsteps of two previous initiatives with a similar objective, namely the eTunai Rakyat e-wallet initiative and the eBelia programme. The eTunai Rakyat initiative was more inclusive in that it offered a one-off RM30 digital incentive to eligible Malaysians who are aged 18 years old and above. Meanwhile, the eBelia programme also provided a one-off RM150 e-wallet credit to eligible youths between the age of 18 to 20 years old.
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