no, read the prospectus

PM also annouce that 100 unit of AS1M will be given to all university 1st year students, this is something very fishy, why not given to all students including secondary & primary school students to encourage saving habit? (if the motive of the government is to encourage saving then it shd be start in primary school as this habit shd start young). Is that because the university students are mostly above 21 years old and they can vote in the next General Election. Sound like next GE is around the corner......