Home News Only 6.3% took SkillsFuture Credit?

Only 6.3% took SkillsFuture Credit?

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By: Leong Sze Hian

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.

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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?

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