THE Finance Ministry (MoF) is allocating RM40 million for the trust fund operated by TARCian Alumni Association (TAA) once the amount is approved by the end of this month.

Finance Minister Lim Guan Eng (picture) said the government promised earlier that at least RM30 million will be allocated annually for the proposed trust fund beginning 2019 for Tunku Abdul Rahman University College (TARUC) and its students.