Penang sets up scholarship fund

GEORGE TOWN: Penang has set up a scholarship fund to finance students seeking to pursue their undergraduate studies.

Chief Minister Lim Guan Eng said his administration has collected RM20 million to date to start off the effort.

He said many more others have pledged to donate to the initiative named the Penang Future Foundation (PFF).

Lim said those who have received PFF monies are required to work in Penang at any organisation of their choice upon finishing their studies.

He said the PFF was mooted to provide the capacity to train promising talents regardless of race, religion or economic status.

"The PFF aims to provide the people with ladders of opportunity and escalators to mobility," he said in a press conference yesterday.

Those eligible to apply are Malaysians below 25-years-old and who have a household income of not more than RM15,000 a month.

Those who have received the scholarship are required to work in Penang at the rate of one year for every RM20,000 received.

Further information can be obtained at http://www.penangfuturefoundation.my/