KAMPAR: The National Higher Education Fund Corporation (PTPTN) will continue to promote the ‘matching grant’ incentive scheme to encourage more parents from the low-income households (B40) to save for their children’s higher education.

Its chairman Wan Saiful Wan Jan said this was because only RM2.41 million of the federal government’s allocation of RM1 billion since 2003 has been used so far.

He revealed that the number of recipients of the benefit in question was too small, about 1,670 depositors with 1,803 accounts as of March 31, 2019.

“We will redouble promotion efforts and campaigns on the matching grant to ensure that the B40 group fully utilises the benefits provided by the government,” he said to reporters after the state-level inaugural launch of the National Education Savings Scheme (SSPN) 2019 at the Arena Rakyat Tualang Sekah here yesterday.

Wan Saiful added that they were targeting a total saving of RM1 billion with 500,000 new accounts to be opened this year.

“As of June 30 this year, 256,000 new accounts have been opened and it is a challenge for PTPTN to ensure that the target can be achieved by implementing various strategies in addition to various new measures needed to be taken including collaboration with the state governments.” – Bernama