From next year, more than 2 million Singaporeans aged 25 and above will receive a $500 credit for their learning and skills development.
The fund will not expire and will be topped up regularly.
SKILLSFUTURE STUDY AWARD
People who want to hone skills in future economic growth sectors or in sectors meeting social needs can apply or be nominated by employers for the $,5000 bond-free award.
Those with significant industry or occupation experience and track record of deep skills development can apply for the fellowship to achieve skills mastery in their fields.
They will receive $10,000 bond-free cash award.