More than 500,000 adult students are expected to benefit from the $5 billion fund created to subsidise life-long learning.
Under the proposal, they will each receive a benefit up to $10,000.
The benefits apply to either secondary or tertiary courses offered by local accredited institutes that receive no government subsidies.
Studies related to logistics, tourism and entertainment, telecommunications, financial services, information technology and personal services such as care work and masseurs may receive priority.
The Secretary for Education and Manpower, Fanny Law Fan Chiu-fun, said: 'The Chief Executive has indicated that general academic standards in Hong Kong are rather low compared to other countries.
'This is detrimental to the development of a knowledge-based society. The fund is to encourage people to carry on studying.'
The chairman of the Federation for Continuing Education in Tertiary Institutions, Charles Wong Kit-hung, said: 'You have to be selective about what kind of courses should be covered.