Kuala lumpur: The Ministry of Human Resources (KESUMA) is seeking feedback and views from other ministries on its proposal to convert Skills Development Fund Corporation (PTPK) financing from loans to grants. Minister Datuk Seri R Ramanan said the views gathered would be presented to the Cabinet soon for consideration.
According to BERNAMA News Agency, the funds received by PTPK amount to RM100 million, but the condition is that they are provided as loans. Regardless of whether the allocation is used as grants or loans, Cabinet approval is needed. Datuk Seri R Ramanan explained that while the first proposal paper is prepared, further improvements and explanations are required before it is brought to the Cabinet.
He shared this information following a dialogue session held during the MYFutureJobs Lindung Kerjaya Carnival, attended by Social Security Organisation (Perkeso) board chairman Datuk Seri Subahan Kamal and group CEO Datuk Seri Dr Mohammed Azman Aziz Mohammed. Ramanan emphasized that the initiative aims to alleviate the financial burden on students pursuing Technical and Vocational Education and Training (TVET) programs after graduation.
Last month, reports indicated that KESUMA planned to propose converting PTPK financing into grants, pending Cabinet approval. At the event, Ramanan also mentioned that KESUMA, through Perkeso, introduced MYFutureJobs Ambassador among higher education institution students to raise awareness of career opportunities and services within campus communities.
He highlighted that the ambassadors would facilitate the dissemination of job opportunities, career development, and MYFutureJobs services to their peers effectively. Additionally, the introduction of Oyen MYFutureJobs as the official mascot is intended to enhance engagement with youths, particularly students, making the initiative more relatable to the public.
Meanwhile, the career carnival by Perkeso demonstrates the MADANI government's commitment to fostering a dynamic, inclusive, and resilient labor market, ensuring Malaysians have access to employment and career development support.