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Govt to create education fund for underprivileged students

Written By Blogger on Sabtu, 27 Juli 2013 | 01.39

ISLAMABAD: Education, Trainings and Standards in Higher Education State Minister and Engineer Balighur Rehman on Friday said the government wants to create 'Educational Endowment Fund' to extend educational opportunities to the underprivileged and talented youth of the country.

European Investment FundTalking to media, he said his ministry, in consultation with stakeholders, would set up this endowment fund enabling the bright and deserving students to pursue quality education with equal opportunities.

Balighur Rehman said the PML-N-led government would take drastic measures for bringing improvement in education sector and would ensure four percent of GDP spending on education till the year 2018, as per commitment.

He said Pakistan was a signatory of Education For All (EFA) goals and Millennium Development Goals (MDGs) and had committed to fulfil it in front of the world.

"The government would utilise all resources to increase literacy rate, control dropouts and improve the quality of education in the country at priority basis," he assured.

He said that during a short span of time for finalising the budget, the government paid special attention towards the higher education sector and raised budgetary allocations from Rs 48 billion to Rs 59 billion.

The budget enhancement would increase the number of scholarships for students being offered by the HEC, the minister said.

Rehman said the government would implement the prime minister's scheme worth Rs 3 billion to provide internships to the youth having 16-years of education. "Students who have completed their education and are jobless would get professional training and stipend of Rs 10,000 monthly," the minister added.

The laptop scheme worth Rs 3 billion is another initiative to acknowledge the outstanding achievements of students at higher education level, he said. app

nnew3670ed 27 Jul, 2013


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Source: http://www.educationnews.com/2013/07/27/govt-to-create-education-fund-for-underprivileged-students/
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