As highlighted in 2012 Budgets, households with a monthly income in between RM500 to RM3,000 will be eligible to participate in Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia). The scheme will be opened starting 30th January 2012.
The scheme is a hybrid of a unit trust investment and loan product, capable of generating consistent cash flow or monthly incentives.
Under SARA 1Malaysia scheme, the eligible participant may invest up to RM5,000 into the scheme for the period of five years by using their own money or taking a loan from either Maybank, CIMB, RHB Bank or Bank Simpanan Nasional. The loan repayment period is five years.