MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95%. This existing scheme will also be expanded to include workers in eligible FinTech firms.
Enhanced Funding Support | |
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Funding Quantum | 90% of direct training cost. Available for training programmes commencing between 8 April 2020 and 31 December 2021 (both dates inclusive). |
IBF Credit | 5% on top of 90% subsidy. Only available for training programmes commencing between 8 April 2020 and 3o June 2021 (both dates inclusive) and completed no later than 3o September 2021. |
Training Grant Allowance (TAG) | Self-Sponsored Individuals Only available for training programmes commencing between 8 April 2020 and 31 December 2020 (both dates inclusive) and completed no later than 31 March 2021. Eligible Companies Only available for training programmes commencing between 8 April 2020 and 30 June 2021 (both dates inclusive) and completed no later than 30 September 2021. Refer to the table below for TAG rates. |
Eligible Individuals |
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Companies eligible to submit claims for company-sponsored participants |
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