HRDF approved nearly RM700m in financial assistance for training last year

The fund has also increased its total certification programmes to 51,193 training places, noting a 17.7% growth

The Human Resources Development Fund (HRDF) has approved almost RM700 million in financial assistance to support over a million training places last year, an 18% growth from the figures in 2018.

In addition, the fund has also increased its total certification programmes to 51,193 training places, noting a 17.7% growth.

HRDF chairman Datuk Noor Farida Mohd Ariffin said the tremendous growth is due to the processes that the board has put in place to strengthen its governance and operations.

“I am pleased to share that due to the processes we have put in place to strengthen our governance and operations, the fund has witnessed tremendous growth and we remain committed to supporting the nation’s human capital development,” she said.

The agency, under the Human Resources Ministry, had also increased its enforcement visits by almost tenfold from 552 in 2018 to 5,466 last year, while also expanding its coverage to 29,701 employers, thus serving 2.43 million employees.

Moving forward, the agency plans to approve 1.25 million training places this year and register a 20% growth from 2019, as well as 60,000 training places for industry certification programmes in 2020.

It will also increase its engagement activities and visits, as well as improve the delivery speed and information technology system to achieve these targets.

The HRDF learning and training hub will be introduced as an online training marketplace to assist employers with making informed decisions on training programmes.

HRDF is also looking to expand its coverage on the Pembangunan Sumber Manusia Bhd (PSMB) Act 2001 to serve a higher percentage of the local workforce who could benefit from the fund’s schemes and initiatives.

In Budget 2020, the government allocated RM30 million to the agency for up-skilling youths from the lower income families via the Technical and Vocational Education and Training, while RM20 million on a matching basis was allocated to up-skill locals in the Industry 4.0-recognised certifications.

HRDF said it will announce the programmes under the budget allocation soon.

Source: The Malaysian Reserve 

Posted on : 07 January 2020
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Last Updated : Thursday 21st May 2020