Three more self-help groups will receive an increase in matching grants from the government. The Chinese Development Assistance Council (CDAC) will get a one-off grant of S$10 million from FY2014 to FY2018. The Singapore Indian Development Association (SINDA) will have its matching grant cap doubled to $3.4 million, while that of the Eurasian Association will be doubled to S$400,000.
This follows yesterday’s (30 Aug) announcement by the three self-help groups that they would raise the monthly contribution rates of working Singaporeans. Working Chinese, Indians and Eurasians have been asked to donate more to the community, after three ethnic self-help groups on Saturday announced that they will raise the monthly contribution rates starting next January.
High-income earners face the largest increases – for instance, contribution rates for Indian employees earning more than $15,000 go up to $30 a month, up from $7 now.
The Chinese Development Assistance Council (CDAC), Singapore Indian Association (Sinda) and Eurasian Association said that rates had to be increased to sustain their operations amid rising costs, and to fund new programmes.
Malay self-help group Mendaki has no plans to change its rates next year.
Picture Graphic is courtesy of the Straits Times