HRDC Training Grant System - Important Notice to all Employers
Employers contributing to the HRDC Training Levy are kindly informed that the National Budget 2018-2019 has brought the following changes to the HRDC Training Grant Incentive Scheme.
In line with Government`s vision to encourage employers to invest in continuous professional development of their employees for productivity gains, the percentage (%) refund of training cost has been revised.
The revised rates of refund of training cost for employers in their respective categories are as follows:
|
Annual Levy Paid |
% Refund |
|
(i) Up to Rs 20,000 |
75 % |
|
(ii) Above Rs 20,000 and up to Rs100,000 |
75 % |
|
(iii) Above Rs100,000 |
70 % |
The above revised rates of refund for training cost are effective for courses starting as from 9th August 2018.
Note: All other terms and conditions remain unchanged.