Employment & Entrepreneurship
The last Household Income Survey undertaken in 2014 by the Department of Statistics found that Malaysian Indians’ median monthly household income was RM4,627 compared to RM4,585 for the country overall, RM4,214 for the Bumiputera and RM5,708 for the Chinese. Together, the 61% of Indians in these two income segments earn approximately 83% of the ethnic group’s total income while the remaining 39% or approximately 227,600 Indian households in the B40 income segment earn the remaining 17% income share.
This chapter is concerned with conclusively breaking the cycle of low incomes amongst Malaysian Indians in the B40 income segment (IB40) as well as supporting them in sustaining their increased earnings. Low incomes amongst the Malaysian Indian community are due to low capacities in providing employer-demanded skills via employment or in providing market-valued goods and services via entrepreneurship.
The main Government interventions to raise livelihoods are focused on raising employability through education and skills training as well as on improving entrepreneurial capability and facilitating business establishment. This Blueprint aims to ensure that the IB40 is plugged into these efforts, thereby uplifting their income and wealth levels in line with the Government’s aim of doubling the mean and median monthly income of B40 households by 2020.