It seems that there is one small detail that I came to know recently that makes the SARA 1Malaysia scheme unattainable. You need to be married or a single parent to qualify to apply for the scheme. so that makes it out of the reach for most young, recently graduated PTPTN loan holders.

So much for helping the people. This makes it only look like a half-hearted attempt to help the people in need. Oh well, we’ll just have see what other schemes the government are scheming in the future

Yesterday, the government announced the establishment of a new trust fund scheme called Skim Amanah Rakyat 1Malaysia or SARA 1Malaysia. Basically, its a fund similar to ASB (Amanah Saham Bumiputera) where people with a household income of below RM3000 can purchase RM5000 worth of shares at RM1 per share and get a guaranteed return of RM134 per month. Read More