Financial Sector Development Fund (FSDF)


The Financial Sector Development Fund (FSDF) was established in 1999 under the Monetary Authority of Singapore Act for the following purposes:
(a) To promote Singapore as a financial centre;
(b) To develop and upgrade skills and expertise required by the financial services sector;
(c) To develop and support educational and research institutions, research and development programmes and projects relating to the financial services sector; and
(d) To develop infrastructure to support the financial services sector in Singapore.

Some of the grant schemes available under the FSDF include the Financial Training Scheme (FTS), Institute of Banking and Finance Standards Training Scheme (IBF-STS) [formerly known as the Financial Industry Competency Standards Training Scheme (FICS-TS)], and Financial Scholarship Programme (FSP). If you wish to enquire more on the schemes, please email us at

Last Modified on 04/04/2018