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IBF Enhanced Course Fee Subsidy Funding *Source from IBF Website*
What is the IBF Financial Training Scheme?
The IBF Financial Training Scheme provides course fee subsidies to eligible company sponsored individuals who complete the financial sector-specific training courses recognized under FTS.
Who is eligible for the enhanced course fee subsidy?
Company-sponsored individuals are eligible who are Singapore Citizens and Singapore Permanent Residents who are physically based in Singapore, are Singapore for the enhanced course fee subsidies.
Know more about the enhanced course fee subsidy
This scheme is only available for company-sponsored individuals.
Eligible Companies:
Singapore-based Financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
FinTech firms certified by Singapore FinTech Association (SFA)Training courses commencing from 1 January 2023,
- Singapore Citizens and PRs : 30% capped at S$500 per participant per course
- Singapore Citizens aged 40 years and above : 70% capped at S$500 per participant per course.
Who will be assisting with the FTS enhanced course fee claim?
The claim will be administered by Falco Academy.
How do I be qualified to enrol for Financial Training Scheme (FTS) courses?
For FTS courses that charge nett fee,you will be required to provide a letter of support from your Financial Institution principal during application for the course to qualify for the nett fee.
