Channel NewsAsia
Updated: 08/31/2014 11:50 | By Channel NewsAsia

Govt raises matching grants for three more self-help groups

Govt raises matching grants for three more self-help groups

Govt raises matching grants for three more self-help groups

SINGAPORE: Three more self-help groups (SHGs) will receive an increase in matching grants from the government.

It is giving the Chinese Development Assistance Council (CDAC) a one-off grant of S$10 million, which will be disbursed over five years until Financial Year 2018. The CDAC does not receive yearly grants. It received a one-off grant of S$10 million when it was first set up in 1992.

The Singapore Indian Development Association (SINDA) will have its matching grant cap doubled to S$3.4 million a year, while that of the Eurasian Association will be doubled to S$400,000 a year.

The increase follows Saturday's (Aug 30) announcement by the three self-help groups that they would raise the monthly contribution rates of working Singaporeans.

The matching grant for Yayasan MENDAKI (Council for the Development of Singapore Malay/Muslim Community), Association of Muslim Professionals (AMP) and the other Malay/Muslim organisations was earlier increased from S$4 million to S$5 million from this financial year.

CDAC, SINDA and the Eurasian Association had submitted proposals to the government for additional funding to expand their outreach and tackle new areas of need in their respective communities.

"It is commendable that the SHGs are providing more programmes and expanding their outreach to meet new needs in their respective communities," said Culture, Community and Youth Minister Lawrence Wong. "The increase in government's matching grant will help support these new areas of need."

The programmes by self-help groups cover areas of education, employability and youth and family services, and they reach out to more than 164,000 beneficiaries. - CNA/nd/ir

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