Media Releases
Published Date: 18 January 2001

Annex: Details of Financial Sector Development Fund (FSDF) Schemes

Name of SchemeObjectiveDetails
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.
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.

Enquiries on the FSDF schemes can be directed to the Financial Sector Development Fund Secretariat at email :