i-Sinar Scheme
i-Sinar is a facility for EPF Members affected during the COVID-19 crisis to reduce their burden and help them survive. Members that are eligible can take out a sum of money from their ‘akaun 1’ according to their respective categories.
The Employees Provident Fund's (EPF) i-Sinar facility is now accessible to all members who have lost their jobs, given unpaid leave, or have no source of income.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz told the Dewan Rakyat on 26th of November that the decision to widen eligibility for withdrawals was made after a meeting with EPF that morning.
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Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz |
"Whether you have lost your job or experienced pay cuts; whether your do formal work or are self-employed; whether you are an active member or not, you can apply for the i-Sinar facility.
"From the two million eligible members before this, now more than eight million members will be eligible," he said during his winding-up speech on the 2021 Budget in Parliament.
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