Human Resources Development Fund - MIDA | Malaysian Investment Development Authority
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Human Resources Development Fund

Human Resources Development Fund

Tracing its origin to the Year 1993 as Majlis Pembangunan Sumber Manusia, the Pembangunan Sumber Manusia Berhad (PSMB), also known as the Human Resources Development Corporation (HRD Corp) is an agency under the purview of the Ministry of Human Resources Malaysia.

Governed by the Pembangunan Sumber Manusia Berhad Act 2001 (PSMB Act 2001), HRD Corp was given the mandate by the Malaysian Government to catalyse the development of competent local workforce that will contribute to Malaysia’s vision of becoming a high-income economy.

Since its inception, HRD Corp has evolved from managing a sizeable fund to becoming a one-stop-centre for providing novel human capital development solutions to its registered employers and the critical mass of Small, Medium Enterprises in Malaysia.

Additionally, HRD Corp continues to be steadfast in its effort towards encouraging employers covered under the PSMB Act 2001 to re-train and upgrade the skills of their local employees, apprentices and trainees in keeping with the fast-evolving global business landscape while meeting the aspirations of their respective company/companies.

PSMB Act 2001

 An act to provide for the imposition and collection of a human resources development (HRD) levy for the purpose of promoting the training and development of employees, apprentices and trainees, the establishment and the administration of the Fund by the Corporation and for matters connect therewith.

Sectors covered under PSMB Act 2001:

  • Manufacturing
  • Services
  • Mining and Quarrying

Eligibility Criteria for Registration

The PSMB Act 2001 is applicable to employer within the 63 sub-sectors (Full list of the 63 sub-sectors can be downloaded from the HRD Corp portal;

(1% Levy)
Employers with 10 Malaysian Employees and above
(0.5% Levy)
Employers with 5 to 9 Malaysian Employees

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