SINGAPORE - One hundred and fifty-six Hindu students from universities, polytechnics and Institutes of Technical Education (ITEs) received bursaries worth $271,500 on Saturday ( June 24).
MP for Bukit Batok Mr Murali Pillai presented the bursaries at The Sivadas-HEB Bursary awards ceremony organised by the Hindu Endowments Board (HEB).
The awards are made possible by the Sivadas-HEB Education Fund, which takes its name from its benefactor, the late Mr Sivadas Sankaran.
Mr Sivadas, who was born in 1914 in Kerala, India, migrated to Singapore in 1937. He worked as a teacher, before he became a journalist for The Straits Times and then a successful investor.
Before he died in 2009, he bequeathed a significant portfolio of stocks and shares to the HEB, and instructed it to use all of the income from these equities to provide financial assistance to Hindu children for their education.
The fund was established by the trustees of the Sivadas Estate.
As of last year, it has helped more than 1,030 students and disbursed $1.76 million.
Students from ITEs receive $1,000 while those from polytechnics and public universities get $1,250 and $1,500 respectively.
Students from private universities enjoy a subsidy of up to 50 per cent of their tuition fees, capped at $6,000 a year.
Siblings Livanesh Ramu, 18, a second-year student at ITE College Central, and Dhashaine Ramu, 21, a second-year student in Temasek Polytechnic, are among the bursary recipients. She is getting the award for the second time.
Ms Dhashaine said: "We are happy to receive the bursary together because it is a burden off our parents' shoulders."
Their father, 47, works as a Fedex courier, while their mother, 45, is a housewife.