MIED continues to uphold its commitment in providing educational needs to deserving and needy Indian students to overcome the growing financial hurdles to pursue higher education. Each year, MIED provide millions in loans to students in undergraduate programmes at Universities, University colleges and private colleges nationwide and abroad. Today MIED has become one of the leading provider of study loans to the Malaysian Indian community seeking such assistance for further education.

The MIED cheque presentation ceremony for the year 2015 took place on the 18th September 2015 at the Grand Ballroom, Sunway Putra Hotel, Kuala Lumpur.

The ceremony was held under the auspices of YBhg Dato’ Seri Utama Dr S Samy Vellu, Special Envoy to India and South Asia on Infrastructure and Chairman of MIED, who presented cheques to eligible and deserving students. Present on the occasion were students, parents, members of the Board of Trustees, Central Working Committee members, management and staff of MIED.

A total of RM4,605,290.00 were disbursed to 486 students pursuing tertiary education, locally and abroad. Out of which, cheques amounting to RM3,170,500.00 were given away exclusively to 314 students pursuing medicine, which is 69% of the total loan disbursement.


Course Total No. Of Students Loan Value (RM)
1 Medicine 314 3,170,500.00
2 Dentistry 41 434,790.00
3 Others 17 148,000.00
4 Pharmacy 14 132,000.00
5 Engineering 15 122,000.00
6 Aviation 13 112,500.00
7 Business Studies 13 101,000.00
8 Information Technology 13 94,500.00
9 Law 10 79,000.00
10 Aeronautics 7 75,000.00
11 Accounting 9 64,500.00
12 Hotel Management 18 54,000.00
13 Education 1 10,000.00
14 Electronics 1 7,500.00
 TOTAL  486  4,605,290.00


Study Loan Disbursement based on Colleges and Universities, during the ceremony:

No. Institute Total No. Of Students Loan Value (RM)
1 Foreign – Universities 203 2,051,000.00
2 Local – Universities 123 1,139,500.00
3 AIMST University 60 650,790.00
4 Local – Private Colleges 65 401,500.00
5 Foreign – Colleges 35 362,500.00
TOTAL  486  4,605,290.00

In his welcoming speech, YBhg Dato’ Seri Utama stressed to the loan recipients that the study loan programme is funded from a revolving fund 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 aid to other deserving and eligible students pursuing further studies

Since 1984 till to-date, MIED had given financial aid to more than 10,600 Indian students, with study loans worth approximately RM127 million. MIED will only approve loans where the courses are recognized by JPS, JPA and MQA and priority is given to students pursuing their studies at AIMST University and TAFE College Seremban.

YBhg Dato’ Seri Utama reminded all MIED loan defaulters to commence repayment / to make progressive payment towards settlement of their study loan, failing which MIED will have no alternative but to institute legal proceedings / CTOS listing against borrowers and their guarantors, as a final option to recover the loan repayment.

Due to limited resources, MIED has restructured the loan program to allocate funds on yearly basis and not for the whole duration of course. MIED would allocate the study loan on the yearly basis based on academic performance, family financial status, programme and year of studies, added with funds provided by the students’ parents or guardians.