Friday 29 Mar 2024
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KUALA LUMPUR (May 17): The RM300 million eBelia programme, one of the initiatives announced under Budget 2021 to help relieve the financial burden of Malaysian youths and to promote cashless spending among them, will open for two million eligible Malaysians aged 18 to 20 this year, starting June 1.

In a statement, the Ministry of Finance said RM200 million was allocated under Budget 2021 for this initiative, to provide RM100 e-wallet credit to each eligible youth. This was enhanced with an additional allocation of RM100 million under the PEMERKASA programme last March, which raised the total allocation for eBelia to RM300 million.

With this additional allocation, each eligible recipient can claim RM150 of e-wallet credit, compared to the original amount of RM100.

"The eBelia programme will be offered through four e-wallet service providers, namely BigPay, Boost, ShopeePay and Touch 'n Go eWallet, which have a combined user base of 30 million and a network of more than 1 million merchants both online and offline," the ministry said.

"Each eligible applicant can claim RM150 in the form of e-wallet credit from one of the participating e-wallets, which will be topped up with additional incentives in the form of cash back, vouchers, reward points or coins by the chosen e-wallet throughout the campaign period," it added.

The initiative is open to Malaysians aged 18 to 20 years old in 2021 (born in year 2001 to 2003), or are full-time students enrolled in courses equivalent to diploma or SKM4 and above at public and private registered institutions of higher learning.

In a statement, the Ministry of Finance (MoF) said the RM300 million programme aims to relieve the financial burden of the country’s youths, as well as promote cashless spending amongst Malaysian youths and full-time Malaysian students at registered local institutions of higher learning.

The claim period for the credit is from June 1 to July 22, and the credit can be spent until July 31. "Eligible recipients are encouraged to update their e-wallet accounts or download the e-wallet apps before June 1," the MoF said.

The programme is a collaboration between the MoF, Ministry of Higher Education, Ministry of Youth and Sports, Ministry of Education, Ministry of Agriculture and Food Industry, Ministry of Rural Development, Ministry of Human Resources, as well as the Department of Islamic Development Malaysia.

“Eligible youths’ data will be cross checked with registered IHLs and other relevant Government databases,” MoF added.

Edited ByTan Choe Choe
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