And third, we will encourage a spirit of giving in our people. Supporting Individuals and Families I will first talk about how we will better support Singaporeans and their families. Increased Support for Education Education helps our children realise their full potential. We invest heavily in every child, to ensure that everyone, regardless of background, has access to a quality education. This Budget, we will increase support for education in three ways. First, we will increase the annual Edusave contributions provided by the Government from $200 to $230 for each primary school student, and from $240 to $290 for each secondary school student. This will take effect from January 2019. Second, we will update the income eligibility criteria for the Edusave Merit Bursary and the Independent School Bursary, to benefit more students from lower- to families. (Refer to Annex C-1.) Third, we will increase the support to students from lower-income families. We will enhance the MOE Financial Assistance Scheme by raising the annual bursary quantum for pre-university students, from $750 to $900, and updating the income eligibility criteria. We will also cover more meals for secondary school students under the School Meals Programme. Students in special education schools will also benefit from these enhancements. Overall, these schemes will cost close to $200 million per year. The Minister for Education (Schools) will provide more details at the COS. Support for Financial Planning Besides education, we will support our people to prepare for their financial needs at key stages of their lives. This starts from giving our youth a good foundation in financial literacy. We will pilot a new financial education curriculum at our polytechnics and ITE.
And third, we will encourage a spirit of giving in our people. Supporting Individuals and Families I will first talk about how we will better support Singaporeans and their families. Increased Support for Education Education helps our children realise their full potential. We invest heavily in every child, to ensure that everyone, regardless of background, has access to a quality education. This Budget, we will increase support for education in three ways. First, we will increase the annual Edusave contributions provided by the Government from $200 to $230 for each primary school student, and from $240 to $290 for each secondary school student. This will take effect from January 2019. Second, we will update the income eligibility criteria for the Edusave Merit Bursary and the Independent School Bursary, to benefit more students from lower- to families. (Refer to Annex C-1.) Third, we will increase the support to students from lower-income families. We will enhance the MOE Financial Assistance Scheme by raising the annual bursary quantum for pre-university students, from $750 to $900, and updating the income eligibility criteria. We will also cover more meals for secondary school students under the School Meals Programme. Students in special education schools will also benefit from these enhancements. Overall, these schemes will cost close to $200 million per year. The Minister for Education (Schools) will provide more details at the COS. Support for Financial Planning Besides education, we will support our people to prepare for their financial needs at key stages of their lives. This starts from giving our youth a good foundation in financial literacy. We will pilot a new financial education curriculum at our polytechnics and ITE.