Mandated by the Government of Malaysia in 11th Malaysia Plan (11MP) under Strategic Thrust 5 - Focus Area C: Strengthening the Lifelong Learning for Skills Enhancements where the access to Human Resource Development Fund (HRDF) is to be expanded to all industries.
In line with this, to improve its regulatory and funding support, HRDF is broadening access of the Human Resources Development Fund (HRDF) by expanding the coverage of the PSMB Act 2001 effective 1 March 2021. The 11MP has identified high-quality human capital to propel the country’s future economy and targets for 35% of the workforce to comprise skilled workers. The expansion is expected to increase the number of employees that are eligible for training under HRDF from the current 2.5 million in 2020 to 6.1 million from March 2021.
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Published : 5-Apr-2021