Name of Scheme | Objective | Details |
Executive Development Scheme (EDS) | To encourage Singapore-based financial institutions to develop the skills and capabilities of their executive staff in key areas of expertise by defraying the cost of locally-based training. | - For in-house courses conducted by external trainers, EDS provides support of 50% of qualifying expenses incurred in engaging the trainer, or up to S$15,000, whichever is the lower.
- For locally-based external courses conducted by training providers, EDS provides support of 80% of course fees per trainee (per course), or up to S$2,000, whichever is the lower.
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Global Enrichment Initiative (GEI) | To help financial executives tap on world-class know-how in other leading financial centres, by co-funding overseas training costs. | GEI co-funds the cost of overseas on-the-job training in critical skills by up to 70% of eligible training costs, or up to S$30,000 per trainee, whichever is the lower. |
Training Infrastructure Enhancement Scheme (TIES) | To develop a dynamic training environment to enhance Singapore's competitiveness as an international financial centre. | TIES helps to defray the costs incurred by training providers in the setting up or expansion of training facilities, by co-fund the following: - 50% of set-up costs;
- 50% of operational costs for the first 5 years.
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Enquiries on the FSDF schemes can be directed to the Financial Sector Development Fund Secretariat at email : fsdf@mas.gov.sg