Section 24
Section 47 of the principal Act is amended—
of Skills Development Fund (Amendment) Act 2026
(a)
by substituting for the shoulder note the following shoulder note:
“Application for skills training loan or skills training financial assistance”;
(b)
by substituting for subsection (1) the following subsection:
“(1) A skills training provider registered under section 34 may submit applications for skills training loans or skills training financial assistance facilities to the Corporation for trainees undergoing skills training or other training conducted by the skills training provider in an approved skills training programme.”;
(c)
in subsection (2), by inserting after the words “skills training loan” the words “or skills training financial assistance”;
Skills Development Fund (Amendment)
(d)
in subsection (5), by substituting for the words
“application for a skills training loan” the words
“application for a skills training loan or skills training financial assistance”; and
(e)
in subsection (8), by inserting after the words “skills training loan” the words “or skills training financial assistance”.
Amendment of section 48