PUTRAJAYA, April 23 (Bernama) -- The Bumiputera Agenda Action Council has agreed on a proposal put forward by the Bumiputera Peneraju Education Foundation (YPPB) to award scholarships to outstanding Bumiputera students from families earning below RM3,000, said Datuk Seri Najib Tun Abdul Razak.
The prime minister said the five-year scholarship would enable selected students to pursue a foundation programme, an A-Level or an International Baccalaureate, and a degree.
"Of some 8,000 applications received for the time being, 225 students will be offered the scholarship in the first phase of the programme," he told reporters after chairing the council`s meeting here Monday.
Deputy Prime Minister Tan Sri Muhyiddin Yassin, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah and Minister in the Prime Minister`s Department Tan Sri Nor Mohamed Yakcop were present.
Meanwhile, Najib said the YPPB also launched another signature programme, namely the Peneraju Bumiputera Professional Accountant programme in an effort to produce more certified Bumiputera accountants.
He said the programme would be conducted in collaboration with Mara involving leading accounting firms such as PricewaterhouseCoopers and Ernst & Young.
"Through the programme, Bumiputera accounting graduates would be upgraded to become certified or professional accountants," he added.
In addition, he said, companies and individuals who contributed to the YPPB in cash or kinds would be given an income tax exemption as an incentive.