Malaysiakini NEWS

PTPTN to improve 'matching grant' incentive for SSPN

Published:  |  Modified:

The National Higher Education Fund (PTPTN) plans to improve its 'matching grant' incentive for its National Education Savings Scheme (SSPN) to encourage more parents to save for their children’s education.

Chairperson Wan Saiful Wan Jan said the PTPTN board of directors, during a meeting earlier this month, agreed to apply to the Finance Ministry for approval on the move.

He said the scheme, when it was implemented last year, provided a matching grant of RM500 only for those who deposited RM500.

“With the improvement, even if parents deposit RM10, PTPTN will give them an additional RM10 until the permissible limit of RM500,” he told reporters in Bachok today.

Wan Saiful said he hopes more parents, especially fishermen, farmers and smallholders, would take advantage of the incentive by opening SSPN savings accounts for their children.

- Bernama

Share this story


Welcome back,

Your subscription expires on

Your subscription will expire soon, kindly renew before

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000