Only 6.3% took SkillsFuture Credit?

Photo: learning.jobscentral.com.sgPhoto: learning.jobscentral.com.sg

126,000 benefited from the SkillsFuture Credit scheme

I refer to the article “126,000 Singaporeans pick up new skills in first year of SkillsFuture Credit scheme” (Straits Times, Jan 8).

It states that “The first year of a government scheme to spur Singaporeans to pick up skills saw more than 126,000 people benefitting from it.

2m S’poreans eligible

The SkillsFuture Credit scheme, which was introduced last January for more than two million people, gives Singaporeans aged 25 and older an initial $500 credit to pay for skills courses.”

“Scheme’s uptake is encouraging” – only 6.3%?

As to “said the scheme’s uptake is encouraging” – does it mean that the scheme’s utilisation was only about 6.3 per cent (126,000 divided by 2 million)?

Only 1 in 20?

Isn’t this rather low as it represents only about one in 20 eligible Singaporeans?

Why?

What are the reasons for this apparently low take-up rate?

Leong Sze Hian

About the Author

Leong
Leong Sze Hian has served as president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), invited to speak more than 200 times in over 30 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of Indonesia and Brunei. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.