Disbursement
For the year 2023, MIED was greatly privileged to disburse study loans & Scholarships in total amounting to RM 19,092,042.17 to 652 students to pursue their tertiary both locally as well as abroad.
Details of courses, the loan amounts, and the number of loan recipients in 2023:
| COURSE | NO OF STUDENT | AMOUNT RM |
|---|---|---|
| TOTAL | 102 | 2,090,840.00 |
| MEDICINE | 30 | 615,924.00 |
| LAW | 16 | 370,035.00 |
| DENTISTRY | 10 | 280,000.00 |
| AVIATION | 5 | 236,344.00 |
| BUSINESS | 9 | 130,600.00 |
| INFORMATION TECHNOLOGY | 4 | 69,959.00 |
| ENGINEERING | 3 | 29,377.00 |
| ACCOUNTING | 3 | 28,332.00 |
| PHARMACY | 2 | 11,500.00 |
| OTHERS | 20 | 318,769.00 |
Details of courses, the Scholarship amounts, and the number of scholarship recipients in 2023:
COURSE NO OF STUDENT AMOUNT RM
TOTAL 550 17,001,202.17
MEDICINE 168 11,528,562.50
PHARMACY 94 2,002,037.00
FOUNDATION 145 1,497,600.00
DENTISTRY 62 1,205,000.00
BUSINESS 20 172,448.00
INFORMATION TECHNOLOGY 12 150,404.20
ACCOUNTING 6 37,633.00
LAW 6 34,240.00
EDUCATION 1 29,900.00
ENGINEERING 1 10,000.00
Total Loan & Scholarship disbursed to deserving Malaysian students since 1984 to 2023
Since 1984, MiED has been dedicated to providing loans and scholarships to deserving Malaysian students. This initiative aims to empower young talents by easing their educational financial burdens, ensuring that higher education remains accessible to all.
COURSE NO OF STUDENT AMOUNT RM
TOTAL 13,220 196,454,334.81
MEDICINE 3,458 95,059,144.24
ENGINEERING 2,126 20,198,139.85
INFORMATION TECHNOLOGY 1,503 12,246,145.46
LAW 838 10,548,402.03
BUSINESS 1,064 10,447,205.77
DENTISTRY 332 9,025,603.81
PHARMACY 253 5,583,602.00
ACCOUNTING 522 4,389,891.80
FOUNDATION 219 2,196,080.00
AVIATION 102 2,178,576.66
AERONAUTICS 119 2,032,020.81
HOTEL MANAGEMENT 180 1,477,633.03
EDUCATION 169 1,271,542.88
OTHERS 2,335 19,800,346.47
Recovery
Many loan-providing institutions face the problem of loan defaulters. MIED is no exception. However, in the case of MIED, when borrowers default on their loan payments it affects the resources that are available for the next loan borrower. If this is left unchecked it will have adverse implications on MIED’s role as a loan provider to needy Indian students. Hence, the Loan Recovery Department has deployed many new strategies to lower the default rate and improve collections over the last 38 years.
The amounts recovered annually from 1995 to 2023 are given below:
| YEAR | AMOUNT RECOVERED (RM) |
|---|---|
| Total | 164,909,953.12 |
| 1995 Sep - 2010 | 43,870,145.67 |
| 2011 | 11,030,512.64 |
| 2012 | 11,013,385.52 |
| 2013 | 10,572,264.29 |
| 2014 | 11,585,549.64 |
| 2015 | 10,789,197.79 |
| 2016 | 10,204,396.56 |
| 2017 | 10,569,827.96 |
| 2018 | 8,302,377.87 |
| 2019 | 7,277,881.14 |
| 2020 | 7,189,543.00 |
| 2021 | 7,764,631.95 |
| 2022 | 7,811,933.68 |
| 2023 | 6,928,305.41 |