1. What is the PACE Fund?
The PACE Fund is a strategic initiative by HRD Corp aimed at driving
inclusive workforce development and addressing skills gaps across
different segments of society. It supports national priorities under the
MADANI framework.
2. Why was the PACE Fund introduced?
The PACE fund was introduced to strengthen workforce capabilities,
enhance employability, and support business growth. It also aims to
provide targeted upskilling & reskilling opportunities for various
communities and industries in Malaysia.
3. Who is responsible for implementing the PACE Fund?
The Human Resources Development Corporation (HRD Corp) has
been authorised by the Minister of Human Resources to implement
the programme.
4. What outcomes does the PACE Fund focus on?
The PACE Fund targets two main outcomes:
a. Existing Workforce
Participants obtain professional certifications or industry
relevant skills upon completion, enhancing their skills and
enabling greater career progression and upward mobility.
b. Unemployed Individuals
Participants acquire relevant skills that complement their
academic qualifications, strengthen their professional profile,
and enhance their overall employability.
5. What are the target groups under the PACE Fund?
The PACE Fund is designed to benefit a wide range of target groups,
including:
- Youths (school dropouts)
- Persons with Disabilities (PWDs)
- Micro, Small and Medium Enterprises (MSMEs) and business
owners
- Gig workers
- Single mothers
- Rural and B40 communities
- The general workforce
- Professionals
- Other relevant groups in need of support
6. When will the other programmes under PACE be launched?
Every programmes under the PACE Fund will be launched by phases.
Further details, including application procedures and calls for
proposals, will be announced by HRD Corp during the official launch
and implementation phases.
7. Are the programmes open to training providers?
Yes. Training providers are invited to submit their proposals during the
programme launch exercise conducted by HRD Corp.
8. How can training providers participate in PACE?
9.When will the programmes, applications, and registrations be
available?
The availability of programme details, call for proposals, participant
registrations, and implementation schedules will be announced
progressively by HRD Corp in stages. Further updates, including
guidelines, eligibility criteria, and timelines, will be communicated
officially from time to time to ensure smooth implementation and
readiness across all programmes.
10.How can participants or training providers obtain more information?
Further details, including application procedures and calls for
proposals, will be announced by HRD Corp during the official launch
and implementation phases.
11.How can I stay updated on the PACE Fund?
Follow HRD Corp on its social media platforms and
website for official announcements and updates