The MIED Cheque Presentation Ceremony was held gracefully on 5th of October, 2018 at the Ballroom,Grand Seasons Hotel, Kuala Lumpur.
The ceremony was fascinated under the auspices of Yg Amat Berbahagia Tun S.Samy Vellu, Chairman of MIED, who presented cheques to eligible and deserving students. Present on the occasion were students, parents, members of the MIED Board of Trustees, MIC Central Working Committee members, Management and Staff of MIED.
A total of 3,748,598.00 were disbursed to 351 students pursuing tertiary education, locally and abroad. Out of which, cheques amounting to RM 2,429,060.00 were given away exclusively to 210 students pursuing medicine, which is 64.80% of the total loan disbursement. Further, in this event a total of 667,794.00 as were disbursed for 60 AIMST students based on their academic and family background.
Study Loan Disbursement based on Courses during the ceremony for 2018
| NO | COURSE | NO OF STUDENT | AMOUNT RM |
|---|---|---|---|
| 1 | MEDICINE | 210 | 2,429,060.00 |
| 2 | DENTISTRY | 37 | 394,100.00 |
| 3 | ENGINEERING | 25 | 194,850.00 |
| 4 | LAW | 14 | 130,400.00 |
| 5 | PHARMACY | 12 | 113,334.00 |
| 6 | BUSINESS | 10 | 74,000.00 |
| 7 | ACCOUNTING | 5 | 51,674.00 |
| 8 | INFORMATION TECHNOLOGY | 5 | 35,000.00 |
| 9 | AVIATION | 3 | 25,000.00 |
| 10 | EDUCATION | 2 | 12,000.00 |
| 11 | AERONAUTICS | 1 | 10,000.00 |
| 12 | OTHERS | 27 | 279,180.00 |
| TOTAL | 351 | 3,748,598.00 |
In his welcoming speech, YBhg Tun had stressed to the loan recipients that the study loan programme is funded from revolving funds in which the same money is used to help students in their education and training. As such, prompt repayment of the loans will enable MIED to continue providing financial aids to other deserving and eligible students pursuing further studies.