THE PUNJAB EDUCATIONAL ENDOWMENT...

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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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

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PEEF Operations

Scholarship Section

Finance Section

Monitoring & Evaluation

Internal Audit

Admin & HR

IT

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SCHOLARSHIP POLICY, PROCESS & PROGRESS

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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

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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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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)

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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

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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

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MASTER LEVEL SCHOLARSHIPS

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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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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

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E – Scholarship Card

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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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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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YDC Update

4147 Scholars & Students Trained

177 Training Cohorts Conducted

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PEEF FINANCIALS

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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

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TRANSPARENCY & AUDITS

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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

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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 - -

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Thank You

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