The Financial Industry Collective Outreach (FINCO), a collaboration between more than 120 banks, insurance and takaful companies in Malaysia, wishes to announce the Graduate Programme 2000 (GP 2000) which aims to provide training and work experience for up to 2,000 unemployed graduates beginning July 2020.

This initiative, co-ordinated by FINCO, aims to support Professional Training and Education for Growing Entrepreneurs (PROTEGE), an existing programme under the Ministry of Entrepreneurship and Cooperative Development.

The GP 2000 initiative is designed to leverage on the modules offered by PROTEGE (previously known as SL1M) which, since 2011, has successfully trained more than 50,000 graduates.

With several financial institutions already preparing to open up hundreds of work placements, the eight to twelve month GP 2000 programme aims to place more graduates in financial institutions and equip them with the necessary skills, knowledge and working experience to enhance their employability and entrepreneurship capability.

Chairman of FINCO, Tan Sri Azman Hashim said, “The financial industry is doing all it can to assist those affected by Covid-19. However, we must also look to the future and so, whilst continuing with current initiatives, GP 2000 will have a longer term goal which is to mitigate some of the impact of the economic downturn which will no doubt exacerbate the problems already faced by unemployed graduates in launching their careers.”

Participants of this initiative will receive an allowance of at least RM2,000 per month. Graduates who wish to apply can submit their applications directly to the participating financial institutions beginning 15 May 2020. Further information on this programme, including contact details and application procedures will be made available on FINCO’s website, on 1 May 2020.