The unit shares which mentioned in Skim Sara 1Malaysia will be open and start to sell in the end of this month. Skim Sara 1Malaysia was officially launched by our Prime Minister, Najib Razak on yesterday. If there are 100,000 investor each invest RM5k, our government will able to collect fund up to RM500,000,000.
Details of Sara 1Malaysia :
Sara 1Malaysia is intended to assist low-income group, will open for applications starting 30 January. This is a special scheme to help the households who have income not more than RM3, 000 or below.
Our PM said it is a unit trust investment combined with loan products to produce a hybrid product that can generate an income stream or a consistent monthly incentives. The limit is RM5, 000, and you can buy it through savings or investment loan from the selected financial institutions.
“From the investment, we guarantee that they will earn income from RM134 per month, while for those who are making loans, they just need to make a refund of RM84 per month, and still gain the profit of RM50 per month,” Najib said.
In Budget 2012, Najib announced this scheme is to encourage the participation of low-income earners to save and invest and help them to cope with the escalating cost of living time.
In the cooperation with selected financial institutions such as Maybank, CIMB Bank, RHB Bank and National Savings Bank (BSN), Sara 1Malaysia is expected to benefit up to 100,000 households. Sara 1Malaysia investors can apply for a loan of RM5, 000 with a repayment period of five years.
“Sara 1Malaysia is the government’s efforts to defend the people. Try to look forward in the next 5 years, we have launched many successful products in less than three years time.” Najib added.
Incoming search terms:
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