Babies
born this year get RM1,000 trust fund investment, courtesy of S’wak govt
KUCHING:
The presentation was held in conjunction with the launching of EFS which was officiated
by Chief Minister Datuk Patinggi Abang Johari Tun Openg.
The
chief minister said the EFS is a new social approach starting this year to help
Sarawakians.
“Today
is a very meaningful day for us Sarawakians because for the first time, the
state government under Gabungan Parti Sarawak (GPS) is giving the endowment
fund of RM1,000 each for babies born this year,” Abang Johari said.
He
pointed out that the state government is allocating RM40 million this year for
EFS, adding that the amount was based on the average birth rate statistics in
the state.
The
fund will be invested by the government and the amount can only be withdrawn on
their 18th birthday for their education or as investment capital to start a
business.
He
added that he has helped at least two families whose children performed
academically well but could not afford to to enter universities.
January 16, 2019, Wednesday at 1:59 PM Jacob Achoi Borneo Post
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