Who is eligible for the IBF funding?
Effective date | Courses commencing from 1 January 2023 | ||
Funding quantum | - 30% funding support of direct training cost for Singapore Citizens and all Permanent Residents below 40 years old - 70% funding support for all Singapore Citizens aged 40 years old and above* |
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Grant gap | S$500 per participant per course | ||
Eligible companies | - Singapore-based Financial Institutions regulated by MAS (licensed or exempt from licensing by MAS) - FinTech firms certified by Singapore FinTech Association (SFA) |
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Eligible participants | - Singapore Citizens or Singapore Permanent Residents, physically based in Singapore; and - Successfully completed FTS recognised course (including passing all relevant assessments where applicable) - Individuals must be company-sponsored |
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Earliest claim submission date | After the course participants have successfully completed the course | ||
Claim submission deadline | Within 3 months from the completion of the course |
Visit the IBF website for more information.