Two million Malaysian youths aged between 18 and 20 stand to benefit from the eBelia programme, one of the initiatives announced under Budget 2021, and valued at RM300 million. The programme begins on June 1, 2021 and aims to help relieve financial burdens as well as promote cashless spending amongst Malaysian youths and full-time Malaysian students at registered local institutions of higher learning (IHL).
“Each eligible applicant can claim RM150 in the form of e-wallet credit from one of the participating e-wallets, which will be topped up with additional incentives in the form of cash back, vouchers, reward points or coins by the chosen e-wallet throughout the campaign period,” said the Ministry of Finance in a statement.
It added that the eBelia programme will be offered through four e-wallet service providers, namely BigPay, Boost, ShopeePay and Touch ‘n Go eWallet. Eligible recipients will only be able to claim the eBelia credit from a single service provider, and must be spent until July 31, 2021.
The credit can be claimed by Malaysians aged between 18 to 20 years old in 2021 (born in 2001 to 2003), or full-time students enrolled in courses equivalent to diploma or SKM4 and above at public and private registered IHL. Data of eligible recipients will be cross checked with registered IHLs and other government databases.
A total of RM200 million was originally allocated under Budget 2021 to provide RM100 e-wallet credit to each eligible youth. This initiative was enhanced with an additional allocation of RM100 million under the PEMERKASA program announced last March, bringing the credit up to RM150.
The eBelia intiative is a collaboration between the Ministry of Finance, Ministry of Higher Education, Ministry of Youth and Sports, Ministry of Education, Ministry of Agriculture and Food Industry, Ministry of Rural Development, Ministry of Human Resources as well as the Department of Islamic Development Malaysia.