THE PUNJAB EDUCATIONAL ENDOWMENT FUND PEEF INAUGURATION JAN. 2009 - PowerPoint PPT Presentation

THE PUNJAB EDUCATIONAL ENDOWMENT FUND

PEEF INAUGURATION JAN. 2009

Investing in Future 1 INTRODUCTION & GOVERNANCE THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future PEEF Establishment A company set up under The company is governed Section 42 of the by a Board of Directors Companies Ordinance 1984 Chief Minister Incorporated on 31 Punjab is the Dec. 08 Chairman of BOD THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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

Investing in Future PEEF Operations  Scholarship Section  Finance Section  Monitoring & Evaluation  Internal Audit  Admin & HR  IT THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future SCHOLARSHIP POLICY, 2 PROCESS & PROGRESS THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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

Investing in Future Scholarship Levels & Categories • Secondary 20% • Intermediate 30% Levels • Graduation 30% • Masters 20% • Outreach 80% • Special Quota 20% Categories • Orphans • Children from Minorities • Children of Govt. Servants of Grade 1-4 • Special Children THE PUNJAB EDUCATIONAL ENDOWMENT FUND

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

Investing in Future Salient Features More scholarships for Less Developed Districts (LDDs) District Category No. of % of Scholarship Districts Allocation Less Developed Districts 16 50 % (LDDs) Developed Districts (DDs) 20 50 % THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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

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

Investing in Future MASTER LEVEL SCHOLARSHIPS THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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 THE PUNJAB EDUCATIONAL ENDOWMENT FUND

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

Investing in Future PEEF – DFID 3 SCHOLARSHIP PROGRAM THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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) THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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 THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future E – Scholarship Card THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future Scholarship Updates No. of Scholarships Scholarship Disbursements Year Active Scholarships Awarded (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 19,609 19,609 962 (PEEF + DFID) 2014-15 19,721 19,721 1,200 (PEEF + DFID) 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. THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future Nurturing Human Capital… YOUTH DEVELOPMENT CENTRE 4 (YDC) THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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 THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future YDC Update 4147 Scholars & Students Trained 177 Training Cohorts Conducted THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 5 PEEF FINANCIALS THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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

Investing in Future 6 TRANSPARENCY & AUDITS THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future 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

Investing in Future Audits Type of Audit Scholarship Policy Review / Year Limited External Batch Impact Reviews Audits Audits 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 - Ernst & Young 2011-12 Grant Thornton Grant Thornton - (In process) 2012-13 Ernst & Young Ernst & Young Ernst & Young - Ernst & Young Ernst & Young Ernst & Young Ernst & Young 2013-14 (In process) - Ernst & Young - 2014-15 - THE PUNJAB EDUCATIONAL ENDOWMENT FUND

Investing in Future Thank You THE PUNJAB EDUCATIONAL ENDOWMENT FUND