Yu Cai Foundation awards RM3.22 million in scholarship to153 students
Date posted: 19 Jul 2016

Sin Chew Daily l Nation l 13

17 July 2016 l Sunday

Source: http://goo.gl/dkYv2A

Kuala Lumpur, 16 July l Yu Cai Foundation, an initiative by business tycoon Tan Sri Ananda Krishnan and Usaha Tegas Group, has awarded 153 scholarships to students of all nationalities for further studies in teacher training colleges, independent Chinese schools and national-type secondary schools totalling RM3.22 million.

The fund aims to encourage students to continue to pursue their studies in Chinese or Tamil language, for teachers to complete training in their mother tongue, while allowing secondary students to complete 6 years of independent Chinese school education or 5 years of national-type secondary school education without financial worries.


In a statement issued by the foundation, “Yu Cai” as the name implies is to nurture talent and as such, qualified students from underprivileged families would have the opportunity for self-improvement.


General Manager of the foundation, Mr Tiong Ting Ming hopes that students through the knowledge gained will achieve self-confidence to realise their fullest potential and to strive for success.


Yu Cai Foundation is overseen by a Board of Trustees which include: Chairman, Mr Chan Chee Beng and members, Dato’ Sri Hj Mahamad Fathil Bin Dato’ Mahmood, Dato’ Robert Cheim, Mr Brahmal Vasudevan, Mr Ngooi Chiu Ing and Mr Lim Ghee Keong. The Secretariat is led by Mr Tiong Ting Ming, former principal of SMJK Dindings, Lumut, Perak.


So far, Yu Cai Foundation has awarded scholarship of RM12,000 each to 20 students pursuing Bachelor of Education in Chinese and Tamil at Universiti Pendidikan Sultan Idris, totalling RM876,000.


A total of RM1.404 million in the form of scholarship of RM6,000 each per year for 6 years has been awarded to 39 students from SJKC who would be furthering their studies at various independent Chinese schools.


As for students from SJKC and SJKT who would be furthering their studies at national-type secondary schools, 94 students received scholarship of RM2,000 each per year for 5 years, totalling to RM940,000.