SBI pitch in for girl child’s education
Educate a girl, and one educates an entire family, so goes a popular maxim. Giving this saying a new dimension is the Mallikatta branch of State Bank of India here, which recently took seven girls under its wings under a novel scheme of the bank of funding the education expenses of a girl child. The only eligibility is that the girl child has to be academically bright and hailing from an economically poor background.
Heads of schools forward names of such students to the branch, which in turn meets the educational expenses in the form of fees, books and stationery, forms, bags and footwear. Introduced across India, five years ago, this scheme took off locally in 2008 when the Mallikatta branch of SBI `adopted’ Shree Vidya, a student of Government Higher Primary School, Mallikatta.
After a break in 2009, they adopted seven students in 2010.
Each branch is free to adopt two students and the students’ gets a fellowship of up to Rs 5,000 till they complete their PU education. After that, M Sripathi, chief manager of the branch, told TOI here on Monday, the bank extends education loan to the students to enable them to pursue their technical or higher education. The bright students, especially girls should not be denied opportunity to study further for want of funds, he says.
It is not that the role of the branch is limited to merely meeting the education expenses of the selected students.
“The branch monitors progress of the adopted students regularly with the heads of their respective educational institutions,” Sripathi says. Students from government and aided schools were by far the beneficiaries of the scheme during the current academic year as per a list of student beneficiaries provided by the branch.
The branch authorities handed over account payee checks drawn in the name of students as part of the scheme for 2010. From the next academic year (2011-12), the branch authorities will directly remit the fee portion of the students to the school’s concerned and reimburse the cost incurred by parents of students on books, uniforms, bags, and other items covered under the scheme on production of bills, Sripathi added.