RM2.5 billion has been allocated for higher education scholarships and training under Mara, the most the government has ever given for said purpose.

KUALA LUMPUR: RM2.5 billion has been allocated for higher education scholarships and training under Mara, the most the government has ever given for said purpose.

In tabling the 2018 Budget at Parliament today, Prime Minister Datuk Seri Najib Razak said close to 90,000 students, including 1,500 scholars in critical fields such as Artificial Intelligence, Signalling and Rail, will benefit from the allocation.

RM90 million will also be given to the Peneraju Professional, Skill and Tunas Programme, benefitting almost 8,000 individuals.

The government will also set aside RM200 million for the Mara Graduate Employability Training Scheme.

RM555 million will go to the Bumiputera Entrepreneurship Empowerment Programme, which includes RM200 million for the PUNB Entrepreneurship and Business Premise Programme; and

RM200 million for the Mara Entrepreneurship Empowerment Programme.

RM155 million will also be provided for vendor capacity development programmes such as the Bumiputera Youth Entrepreneurship Foundation programme, the Bumiputera Entrepreneurship Start Scheme and the Entrepreneurship Shirt Scheme.

In addition, the government has allocated RM150 million to Pelaburan Hartanah Bhd and RM150 million to Ekuiti Nasional Bhd.

This, he said, would spur equity and investment holdings in strategic sectors.

Keywords: 2018 Budget, Prime Minister Datuk Seri Najib Razak, Mara, higher education scholarships, Artificial Intelligence, Bumiputera Entrepreneurship Empowerment Programme, Bumiputera Youth Entrepreneurship Foundation programme, Pelaburan Hartanah Bhd