PUTRAJAYA: The Human Resources Ministry will propose a new loan scheme for SPM-leavers going for vocational courses at skills training institutes to reduce the rate of non-performing loans by students who complete their courses.
Datuk Seri Dr S. Subramaniam said the rate of repayment for loans from the Skills Development Fund Corporation (PTPK) stands at a measly 53% - with some RM500mil still left in outstanding loan repayments.
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