PETALING JAYA: A total of RM720mil (out of RM2.4bil meant for micro entrepreneurs and smallholders) has been allocated to women and youth to encourage them to go into business.
In his Budget 2024 speech on Friday (Oct 13), Prime Minister Datuk Seri Anwar Ibrahim also said that as the Madani government aims to increase women's labour force participation to 60%, women who re-enter the workforce will get tax incentives until 2027.
To encourage employers to support women in the workplace, organisations that offer their staff allowances for childcare will be entitled to tax exemptions from RM2,400 to RM3,000.
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