Some of those present with Wan Saiful (centre in blue shirt without spectacles) and guests.

MUKAH: The National Education Savings Scheme (SSPN) has breached RM5 billion nationwide as at July 31 this year, National Higher Education Fund Board (PTPTN) chairman Wan Saiful Wan Jan has revealed.

He said the amount was from 4.2 million savings accounts opened over the same period.

In Sarawak, according to him, 219,028 SSPN savings accounts were opened with deposits amounting to RM273.25 mln.

“Of the total, 9,218 accounts with deposits amounting to RM3.9 mln are from Mukah, Igan and Tanjung Manis,” he said when officiating at the Mukah, Igan and Tanjung Manis SSPN Tour at Dewan Suarah Mesra here yesterday.

He pointed out that deposits received from the three parliamentary constituencies were still low.

Wan Saiful hoped that those who had saved with SSPN would encourage others to do so. He also urged parents who did not plan for their children’s education to start.

PTPTN, which was set up on July 1, 1997, introduced SSPN in 2004, and since then, had received encouraging response.

Every RM1 saved, a matching RM1 would be given, and every eligible family stand to receive up to RM10,000 for free.

“The government has allocated RM1 bln for matching grant as an incentive to parents who plan to save in SSPN-i for their children’s higher education,” he said.

He added that a four per cent yearly interest, which is better than conventional bank savings, would also be paid.

At the event, 120 underprivileged children from two districts received contributions in the form of SSPN-i savings accounts totalling RM12,000.

Event advisor Dr Sulaiman Sahari, PTPTN general manager Abdul Ghaffar Yusop, PTPTN Sarawak general manager Yussuf Chik and Mukah District Education Department School Management head Doris Kong Ai Liang also attended the event.

Some of those present with Wan Saiful (centre in blue shirt without spectacles) and guests.