Some 100 low-income students in six madrasahs will receive a total of $36,000 to subsidise their transport fares this year. Each of the 100 students from madrasahs Al-Irsyad, Al-Arabiah, Aljunied, Al-Maarif, Wak Tanjong and Alsagoff will receive $360 to help pay for their bus and train fares.
Maybank Singapore Islamic Banking head Mohd Ismail Hussein announced this on Friday at Madrasah Al-Irsyad.
The funds are being used as part of an extension to the Maybank Get-to-School Transport Grant. The grant, a collaboration between Maybank Singapore and the Central Singapore Community Development Council was launched in 2012. So far, a total of $23,400 has been disbursed to 65 students in five secondary schools.
Speaking to reporters after the event, guest of honour Speaker of parliament Madam Halimah Yacob said the grant was an "excellent partnership between the private sector and the people sector".
"This is an example of what the private sector can do to support community development," she said, adding that she hoped more businesses would step up and do good for the community.