There is a proposal in Kazakhstan to save in advance for
children’s education through the Keleshek educational capital system. Funds
accumulated over the years could be used in the future for studies at
vocational institutions and universities, both domestically and abroad. If a
child receives a grant, there are several options for using the accumulated
funds. The money can be used to purchase housing, pursue additional training,
or even be transferred to a third party. The Mazhilis, a Lower House of the
Kazakh Parliament, approved in the first reading these and other amendments to
certain legislative acts related to streamlining legislative regulations in the
fields of information, social development, culture, and archiving. On the
sidelines of the Mazhilis, representatives from the relevant ministry shared
more details on the Keleshek program.
«The Keleshek system will be an additional tool to ensure
the accessibility of education, including higher education, vocational
training, and postgraduate studies. When a child turns five, in the calendar
year the savings account is opened, the account will automatically receive 60
monthly calculation indices (MCI) from the state for all categories of
children, and 120 MCI for children without parental care. The state reward is
5-7 percent,» said Kazakh Vice Minister of Science and Higher Education Talgat Eshenkulov.
