THE PUNJAB EDUCATIONAL ENDOWMENT FUND

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3 PEEF INAUGURATION JAN. 2009

4 1 INTRODUCTION & GOVERNANCE

5 PEEF Establishment A company set up under Section 42 of the Companies Ordinance 1984 The company is governed by a Board of Directors Incorporated on 31 Dec. 08 Chief Minister Punjab is the Chairman of BOD

6 Objectives Scholarship for talented and less privileged students to bring them at par with the more fortunate one s Creation of a critical mass of talented youth for the development of society Identification and support to extremely marginalized students through special quotas Supporting the less privileged and best students of PBTE, other provinces - including AJK, FATA, Gilgit-Baltistan, ICT

7 PEEF Operations Scholarship Section Finance Section Monitoring & Evaluation Internal Audit Admin & HR IT

8 2 SCHOLARSHIP POLICY, PROCESS & PROGRESS

9 Scholarship Policy Allocation Govt. Institution 90% Private Institution 10% Scholarships categories Outreach 80% Special Quota 20% Orphans Children belonging to minority religions Special children Children of govt. servants in BPS 1-4 Scholarships quotas for Punjab Board of Technical Education, COEs & other provinces including AJK, FATA, GB & ICT

10 Scholarship Levels & Categories Levels Secondary 20% Intermediate 30% Graduation 30% Masters 20% Categories Outreach 80% Special Quota 20% Orphans Children from Minorities Children of Govt. Servants of Grade 1-4 Special Children

11 Scholarship Stipend Rates Sr. # Level Category Monthly Stipend Rates (Rs.) 1 3,000 & Day scholar Master s (100% tuition fee) 5,000 & Boarder (100% tuition fee) Graduation (professional Day scholar 3,000 2 degree program; e.g. MBBS, BS IT, BS Hons.etc.) Boarder 4,500 Graduation (2 year degree Day scholar 2,500 3 program; e.g. BA, B.Sc., Diploma, etc.) Boarder 4,000 4 Intermediate Day scholar 1,500 Boarder 3,000 5 Secondary Day scholar 800 Boarder 1,500

12 Salient Features More scholarships for Less Developed Districts (LDDs) District Category No. of Districts % of Scholarship Allocation Less Developed Districts (LDDs) % Developed Districts (DDs) %

13 Salient Features Award of scholarships on the basis of tehsil, gender & educational group wise merits Equal no. of scholarships to all tehsils in a district Equal no. of scholarships for boys and girls Special Quota Scholarships for marginalized students Pro-active disbursement of scholarships

14 Scholarship Award Process Data from BISE s Soft and Hard Verification by Monitoring section Disbursement vide E-Payments Short listing (District, Tehsil & Stream wise) Final Merit Preparation Intimation letters to successful students Dispatch & Receipt Application forms Double Data Entry & Variance report Data of Students on Web

15 MASTER LEVEL SCHOLARSHIPS

16 Scholarship Allocation University / Institution wise Allocation Previous Years Total Enrollment at Masters Level degree programs Subject wise Allocation 70% of the scholarships allocated for science subjects 30% of the scholarships allocated for arts subjects Category wise Allocation Outreach Scholarships (80% of the total number) Special Quota Scholarships (20% of the total number) Gender wise Allocation The scholarships quota may preferably be distributed equally amongst boys and girls

17 Scholarship Award Process Renewal of Scholarship Quota by PEEF Final recommendations by Scholarship Award Committee Nominations & Minutes of Meeting forwarded to PEEF Advertisement of PEEF Scholarships by Universities Interviews of Shortlisted students Disbursement vide E- Payments Receipt of Application forms Data entry and Short listing of students by Universities Data of Students on Web (PEEF & Universities)

18 3 PEEF DFID SCHOLARSHIP PROGRAM

19 PEEF DFID Scholarship Program Rs. 1,650 million over a period of 5 years Intermediate Level Scholarships 27,500 Scholarships Only girls students 11 districts Graduation Level 500 Scholarships Seven (7) Centres of Excellence (CsOE)

20 Scholarship Disbursement Process E- Scholarship Payments Salient Features Bi annual stipends Scholarship stipend through Bank of Punjab (BoP) Scholarship Cards Name, Parentage PEEF Scholarship Code no. Picture of scholar New Pin Code with release of next scholarship stipend Real time data / status of scholarship withdrawal through BOP

21 E Scholarship Card

22 Scholarship Updates Year No. of Scholarships Awarded Active Scholarships Scholarship Disbursements (Rs. Millions) , , , ,344 2, ,952 9, (PEEF + DFID) (PEEF + DFID) 19,609 19, ,721 19,721 1,200 Total 80,418 52,520 4,253 *For the year ( ), the annual scholarships allocation is 20,000. With the inclusion of current year scholarships, by Dec. 2015, the total number of beneficiaries will reach 100,000.

23 Nurturing Human Capital 4 YOUTH DEVELOPMENT CENTRE (YDC)

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25 Nurturing Human Capital Approval by the Chief Minister 14th August 2010 Date of Handing over of YDC to PEEF 9 th October 2010 Initiations of Training 15 th October 2010

26 YDC Update 4147 Scholars & Students Trained 177 Training Cohorts Conducted

27 5 PEEF FINANCIALS

28 PEEF Financials The largest Educational Endowment Fund of Pakistan - Rs. 13 B (USD 128 M) Estimated annual proceeds: Rs. 1 Billion

29 6 TRANSPARENCY & AUDITS

30 Transparency & Audits Six - monthly Audit / Limited Review Annual External Audit Process Monitoring & Validation by M&E Annual Scholarship Batch Audits 100% Internal Audit ISO Certification Pakistan Centre for Philanthropy (PCP) Certification

31 Audits Type of Audit Year Limited Reviews External Audits Scholarship Batch Audits Policy Review / Impact Assessment Grant Thornton Grant Thornton Grant Thornton Grant Thornton A.F. Ferguson A.F. Ferguson Grant Thornton Grant Thornton Ernst & Young Grant Thornton Grant Thornton Ernst & Young (In process) Ernst & Young Ernst & Young Ernst & Young Ernst & Young Ernst & Young Ernst & Young (In process) Ernst & Young Ernst & Young - -

32 Thank You