20 undergraduates receive PIDM scholarships

Kuala Lumpur, 17 September 2020: Perbadanan Insurans Deposit Malaysia (PIDM) recently awarded scholarships to 20 undergraduates from various disciplines, bringing the total number of recipients to 164 since the programme’s establishment in 2010.  
“Education is the best preparation for life and the PIDM Undergraduate Scholarship Programme is an acknowledgement of that philosophy. With this scholarship, we hope that our beneficiaries will commit to continuous learning and play their role in contributing back to society,” said Rafiz Azuan Abdullah, Chief Executive Officer of PIDM.
“Importantly, our scholarships provide support beyond financial assistance. Scholars also receive support and guidance from mentors, drawn from PIDM’s own workforce. They also have the opportunity to pursue a PIDM internship and get a first-hand look at PIDM’s role in the financial system.”
Rafiz added that PIDM had received over 1,300 applications for this year’s programme.  
Putri Natasha Binti Mohammad Sharif, who is a second-year Bachelor of Accounting student at Universiti Sains Malaysia said she was thankful for the opportunity, as she was now able to fully focus on her studies.
“I had to take a 1.5-year gap in between my diploma and degree to support my family. My mother is a single parent. It’s not easy to juggle work and studies at the same time. I am glad for the scholarship,” said Putri Natasha, who had worked at a family restaurant and in IT services before embarking on her degree.
Tang Hui Yui, 21, is relieved to be able to continue her second year as a Bachelor of Finance student at Universiti Malaya with support from PIDM.
Tang said the part time jobs she took after SPM AND STPM to pay her first-year study expenses was not sufficient to keep her going.
“I never had to depend on my family members for money, but now that I’ve used up my savings, I really needed a scholarship to continue my studies,” she said, adding that the coronavirus pandemic had greatly impacted her household income. Tang’s father is a fisherman and her mother is unable to work due to poor health.
Both Putri Natasha and Tang said they were looking forward to doing internships with PIDM, as they felt that the experience would be a perfect fit for their education.
The PIDM Undergraduate Scholarship Programme was established to provide bond-free scholarships to deserving individuals. The scholarship provides financial support to complete their higher education studies, covering tuition fees, living expenses and study-related materials.
For more information about this press release, please contact:
Sarina Ariffin, Deputy General Manager, Communications and Public Affairs Division (Tel: 03-2173 7457; Email: sarina@pidm.gov.my)    
Masami Mustaza, Manager, Communications and Public Affairs Division
(Tel: 016-3643406; Email: masami@pidm.gov.my)
PIDM is a statutory body that provides protection, up to prescribed limits, against the loss of deposits and insurance or takaful benefits in the event of a member institution failure. PIDM is entirely funded by premiums or levies assessed on its member institutions and does not receive public funds to operate. It has the means under the PIDM Act to borrow or raise such funds as may be needed to fulfil its statutory obligations to protect financial consumers of its member institutions. As an integral part of the national financial safety net, PIDM promotes and contributes to the stability of the financial system.
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