Scholarship Programme
In order to stop the dropout of children of the poor members, IDF introduced this program with the Award Money of US$ 10,000 (Taka 6,00,000) from Grameen Foundation USA in 2004. Grameen Foundation USA was very pleased at the use of “Award Money” and success of scholarship program and added US$ 1,00,000 to this fund in 2006. The scholarship fund is mainly created with these two funds.
The details of scholarship program are as follows.
Objectives
- Provide financial support to the children of poor families, particularly IDF members to get access to education.
- Encourage children to make good result
- Contribute to human resources development of the country
Eligibility
- Children of grade 3 to undergraduate level.
- At least 60% marks in the last annual exam in case of class III-X.
- Grade-A in SSC, HSC and undergraduate and graduate levels.
Source of Fund
- Income from
- GFUSA Award Money
- GFUSA grants
- IDF contribution
- Others
Selection Procedure
- Applications are received by branch manager with the help of field organizers;
- Results of last annual exam, performance in the class and manners are mainly considered during the selection ;
- Scholarship Committee selects new students and reviews the old one for renewal of scholarships.
In 2016, IDF provided Tk. 8,78,000 to 320 students. The details are shown in Table 24-26.
Table : Number and amount of scholarships by class per year
| Class | No. of Students | Amount of Scholarship/ month/student | Scholarship in 2015 (Tk.) | Books and other materials (Tk.) | Total (Tk.) |
| III – V | 120 | 100 | 1,44,000 | 24,000 | 1,68,000 |
| VI – VIII | 90 | 150 | 1,62,000 | 45,000 | 2,07,000 |
| IX – X | 50 | 175 | 1,05,000 | 50,000 | 1,55,000 |
| XI – XII | 40 | 300 | 1,44,000 | 40,000 | 1,84,000 |
| Undergraduate (4 years) | 20 | 600 | 1,44,000 | 20,000 | 1,64,000 |
| Total | 320 | 1325 | 6,99,000 | 1,79,000 | 8,78,000 |
Table : One time Scholarship provided
| Year | Class | No. | Amount |
| 2005 | HSC | 15 | 15,000 |
| 2006 | HSC | 20 | 20,000 |
| 2007 | SSC | 20 | 20,000 |
| 2008 | SSC | 20 | 20,000 |
| 2009 | SSC | 30 | 30,000 |
| 2010 | SSC/HSC | 20 | 20,000 |
| 2011 | SSC/HSC | 10 | 10,000 |
| 2012 | SSC/HSC | 10 | 10,000 |
Total : Year wise scholarship 2005-2016 (Regular)
| Year | No. | Amount | Cumulative |
| 2005 | 26 | 54,000 | 54,000 |
| 2006 | 50 | 104,000 | 158,000 |
| 2007 | 60 | 168,300 | 3,26,300 |
| 2008 | 192 | 386,700 | 7,13,000 |
| 2009 | 192 | 390,900 | 11,03,900 |
| 2010 | 278 | 752,300 | 18,56,200 |
| 2011 | 306 | 770,300 | 26,26,500 |
| 2012 | 314 | 842,800 | 34,69,300 |
| 2013 | 316 | 8,11,600 | 42,80,900 |
| 2014 | 320 | 8,78,000 | 51,58,900 |
| 2015 | 320 | 8,78,000 | 60,36,900 |
| 2016 | 320 | 8,78,000 | 69,14,900 |
| Total | 2694 | 60,36,900 | |