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AfricaMoney | August 20, 2017

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SBM launches 400 scholarships under Scholarship Scheme for bright and needy students

SBM launches 400 scholarships under Scholarship Scheme for bright and needy students

The aim of the SBM Scholarship Scheme is to provide an opportunity to bright students from low-income households to pursue their studies so that they may aspire to a brighter future, and it saw SBM launching its sixth edition on 15Jul15 with 400 scholarships offered.(Image:Wazna Gunga)

Mauritian financial services major SBM launched the sixth edition of the SBM Scholarship Scheme in a press conference held on the 15 July 2015.

The SBM Scholarship Schemeis meant for bright and needy students, reflecting the bank’s firm belief in an egalitarian and inclusive society, where adequate support is extended to those in need, who have a definite potential to excel in their field of study.

SBM not only wants to empower vulnerable groups but also to move closer to the true aim of empowerment, which is to provide tools and opportunities to those in need so that they may achieve employability.

Kee Chong Li Kwong Wing, Chairman at SBM Holdings Ltd, highlighted: “In 2010, when the first edition was launched, the prime objective was to act as a catalyst for students.Today, with the increasing figures,we can safely say that the initiative is reaping fruit and more than 75% of our beneficiaries for the 2010 and 2011editions have now completed their studies and already have a job.”

Children from low-income families have a tendency to stop schooling at a relatively early age, mainly because of lack of money to pursue further studies. Many such children actually need to work to support their family. On a national scale, SBM’s commitment to education goes in the direction of supporting the most precious resource that the island economy has, its human capital.

The SBM Scholarship Scheme aims to provide an opportunity to bright students from low-income households to pursue their studies so that they may aspire to a brighter future.

Launched in 2010, the SBM Scholarship Scheme has, to date, awarded some 1,400 scholarships to bright and needy students, including 33 from Rodrigues Island. This makes SBM the single largest provider of scholarships in the Republic of Mauritius.

A testimonial from Mushiirah Bibi Persand, who was awarded a scholarship under a previous edition, goes to state: “In 2010, I was facing financial constraints and it was at that time that SBM launched the first edition of the scholarship scheme for bright and needy students. Post application, I found myself among the 57 recipients of the scholarship. My motivation was rekindled because I knew that my well-wishers were investing a lot in me, to shape my future. After 3 years of hard work, I graduated in October 2013 with a Bachelors of ArtsDegree from the University of Mauritius in English with First Class Honours.Today, I am a proud English Professor at Modern College, Central Flacq.

The SBM Scholarship Scheme has 2 categories, covering 200 scholarships for the Tertiary sector and 200 for the Technical Vocational Education Training (TVET) sector.

Those interested in learning more and/or applying for the SBM Scholarship Scheme for the Tertiary sector, please click here.

Those interested in learning more and/or applying for the SBM Scholarship Scheme for the Technical Vocational Education Training (TVET) sector being run at the Mauritius Institute of Training and Development (MITD), please click here.

To benefit from this scheme, students should be attending or be admitted in full-time undergraduate courses at post secondary institutions in Mauritius, recognised by the Tertiary Education Commission (TEC) or be attending / admitted in a full-time award course at the Mauritius Institute of Training and Development (MITD).

Scholarships are awarded to meritorious students who come from a family with a household income not exceeding Rs 15,000 per month. In order to support measures to eradicate absolute poverty in Mauritius, a special consideration is being given to meritorious students who come from a family with a household income not exceeding Rs 6,200 per month and who are registered either at the National Empowerment Foundation or at the Social Register of Mauritius.

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