Objective of the scheme is to improve higher education through provision of scholarship to the university students covering their admission fee, tuition fee, lab, library and mess charges and monthly stipend of Rs. 5000/-.
----------------------------------------------
The Khyber Pakhtunkhwa Higher Education Endowment Fund Act, 2014 has been promulgated.
----------------------------------------------
Board of Directors and Scholarship Management Committee has been notified.
----------------------------------------------
Seed Money has been released.
----------------------------------------------
Advertisement for inviting applications already Floated.
----------------------------------------------
MoU signed with approved institutions.
----------------------------------------------
Students admitted to universities after June 2013 are eligible for scholarship.
----------------------------------------------
For award of 10 scholarships in foreign universities a sub-committee has been constituted.
----------------------------------------------
----------------------------------------------
Mechanism for scholarship:
Funds will be directly released to the institutions.
----------------------------------------------
Institutions will transfer fund to the deserving students accounts.
----------------------------------------------
The Chief Minister Endowment Funds are managed by Khyber Bank.