Malaysia Budget 2013 : Scholarship and PTPTN
First of all, we take this opportunity to congratulate our Prime Minister Datuk Seri Najib Abdul Razak for successful present the Budget 2013 was successfully tabled at Parliament yesterday.
The 2013 Budget will focus on improving the quality of life of the rakyat, ensuring sustainable economic growth, spending prudently and reducing the fiscal deficit with the overall objective of prioritising the well-being of the rakyat. The Government will ensure that the rakyat enjoys excellent services and obtains maximum benefits from the implementation of development projects and programmes.
The 2013 Budget is designed based on the theme “PROSPERING THE NATION, ENHANCING WELL-BEING OF THE RAKYAT: A PROMISE FULFILLED”
The Budget 2013 provides us with lots of goodies before the general election which expected to be held soon before March 2013. Let we see what, are the Budget 2013 elements on scholarship and PTPTN.
National Education Savings Scheme (SSPN) : The current relief of RM3,000 for savings in the SSPN will be increased to RM6,000.
PTPTN : First, repayment of full loan within a year upon this announcement effective from 1 October 2012 until 30 September 2013, a discount of 20% will be given on their loan.
For those with consistent repayment of PTPTN loan in accordance to their repayment schedule, a 10% discount per annum on their repayment will be given effective from 1 October 2012.
Felda Scholarship : FELDA will also spend RM100 million a year for education and skills training programme as well as scholarships for 5,000 new generation children from which 30% or 2,000 people are children outside the Felda scheme.
For more Budget 2013 highlights, please visit Budget 2013 Highlights.
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