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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
PEEF INAUGURATION JAN. 2009
INTRODUCTION & GOVERNANCE
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
1
PEEF Establishment
A company set up under Section 42 of the
Companies Ordinance 1984
Incorporated on 31 Dec. 08
The company is governed by a Board of Directors
Chief Minister Punjab is the
Chairman of BOD
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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PEEF Operations
Scholarship Section
Finance Section
Monitoring & Evaluation
Internal Audit
Admin & HR
IT
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
SCHOLARSHIP POLICY, PROCESS & PROGRESS
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
2
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
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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Scholarship Levels & Categories
• Secondary 20%• Intermediate 30%• Graduation 30%• Masters 20%
Levels
• Outreach 80%• Special Quota 20%
• Orphans• Children from Minorities• Children of Govt. Servants of Grade 1-4• Special Children
Categories
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
Scholarship Stipend Rates
Sr. # Level CategoryMonthly Stipend Rates
(Rs.)
1Master’s
Day scholar3,000 &
(100% tuition fee)
Boarder5,000 &
(100% tuition fee)
2
Graduation (professional
degree program; e.g. MBBS,
BS IT, BS Hons.etc.)
Day scholar 3,000
Boarder 4,500
3
Graduation (2 year degree
program; e.g. BA, B.Sc.,
Diploma, etc.)
Day scholar 2,500
Boarder 4,000
4 Intermediate Day scholar 1,500
Boarder 3,000
5Secondary Day scholar 800
Boarder 1,500
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Salient Features
District Category No. of Districts
% of Scholarship Allocation
Less Developed Districts (LDDs)
16 50 %
Developed Districts (DDs) 20 50 %
More scholarships for Less Developed Districts (LDDs)
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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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
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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Scholarship Award Process
Data from BISE’s
Short listing(District, Tehsil &
Stream wise)
Dispatch & Receipt
Application forms
Double Data Entry &
Variance report
Final Merit Preparation
Soft and Hard Verification by
Monitoring section
Disbursement vide E-Payments
Intimation letters to
successful students
Data of Students on Web
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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MASTER LEVEL SCHOLARSHIPS
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
Scholarship Award Process
Renewal of Scholarship
Quota by PEEF
Advertisement of PEEF
Scholarships by Universities
Receipt of Application
forms
Data entry and Short listing of
students by Universities
Interviews of Shortlisted
students
Final recommendations
by Scholarship Award Committee
Nominations & Minutes of
Meeting forwarded to
PEEF
Disbursement vide E-
Payments
Data of Students on
Web
(PEEF & Universities)
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
PEEF – DFID SCHOLARSHIP PROGRAM
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
3
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)
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Scholarship Disbursement Process
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
E- Scholarship Payments
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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E – Scholarship Card
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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Scholarship UpdatesInvesting in Future
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
YearNo. of Scholarships
AwardedActive Scholarships
Scholarship Disbursements
(Rs. Millions)
2008 – 09 5,326 - 22
2009 – 10 5,484 85 250
2010 – 11 6,982 994 362
2011 – 12 13,344 2,159 707
2012 – 13 9,952 9,952 750
2013-14
(PEEF + DFID)19,609 19,609 962
2014-15
(PEEF + DFID)19,721 19,721 1,200
Total 80,418 52,520 4,253
*For the year (2015-16), 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.
Nurturing Human Capital…
YOUTH DEVELOPMENT CENTRE
(YDC)4
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
Approval by the Chief Minister
14th August 2010
Date of Handing over of YDC to PEEF
9th October 2010
Initiations of Training
15th October 2010
Nurturing Human Capital…
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
YDC Update
4147 Scholars & Students Trained
177 Training Cohorts Conducted
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THE PUNJAB EDUCATIONAL ENDOWMENT FUND
PEEF FINANCIALS
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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5
PEEF Financials
The largest Educational Endowment Fund of
Pakistan - Rs. 13 B (USD 128 M)
Estimated annual proceeds: Rs. 1 Billion
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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TRANSPARENCY & AUDITS
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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6
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
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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Audits
Year
Type of Audit
Limited
Reviews
External
Audits
Scholarship
Batch
Audits
Policy Review /
Impact
Assessment
2008-09 Grant Thornton Grant Thornton - -
2009-10 Grant Thornton Grant Thornton A.F. Ferguson A.F. Ferguson
2010-11 Grant Thornton Grant Thornton Ernst & Young -
2011-12 Grant Thornton Grant ThorntonErnst & Young
(In process)-
2012-13 Ernst & Young Ernst & Young Ernst & Young -
2013-14 Ernst & Young Ernst & YoungErnst & Young
(In process)Ernst & Young
2014-15 - Ernst & Young - -
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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Thank You
THE PUNJAB EDUCATIONAL ENDOWMENT FUND
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