ECO World Foundation will allocate RM5mil annually to assist poor students.
Its chairman Tan Sri Lee Lam Thye said the student aid programme would benefit 3,000 primary and secondary school students from seven states, namely Selangor, Kuala Lumpur, Penang, Johor, Pahang, Perlis and Kedah as well as 21 studying at tertiary level.
“We aim to help students achieve their full academic potential and improve their quality of life,” he said at a press conference before the start of the inaugural Excellence Awards ceremony recently.
Lee said under the foundation’s student aid programme, primary school pupils received between RM1,100 and RM1,200 a year while secondary school students would get between RM1,000 and RM1,600 a year.
Those doing foundation-level studies at institutions of higher education would receive RM6,500 a year while undergraduates would receive cash aid of between RM8,000 and RM14,500 a year.
The foundation was launched on Sept 24 under the auspices of Eco World Development Group Bhd to serve as a platform for the Group to fulfil its corporate social responsibility initiatives.
It had also hosted a charity dinner in October to raise funds for its activities.
At the event, 150 students were rewarded for obtaining excellent results in the UPSR under the Eco World Foundation’s Student Aid Programme (SAP).
A total of 35 students received the Excellence Award category for obtaining straight As in last year’s UPSR, 45 in the Outstanding category and 70 in the Most Improved Award category.
Each student received a Malay-English dictionary and Adam Khoo’s motivational book Secrets of Successful Teens along with cash awards of RM200, RM150 and RM100 respectively according to the categories.
Twenty teachers were presented with the Teachers Award for their vital role in guiding students in the UPSR examinations.
SK Taman Perling, Johor, SJK(C) Kong Hwa, Perlis and SJK(T) Taman Tun Aminah, Johor were selected for the Best School Category and given RM5,000 in cash respectively.
Excellence Award category recipients Chew Fang Yee, 12, from SJK(C) Litik Cawangan in Penang and Ezra Nor Uminah, 12 from SK Taman Perling, Johor Baru said the money would come in useful for the new school year.