Tenaga Nasional Berhad (TNB) continues its commitment to fund students from the lowest income families to study at educational institutions through the sponsorship of another 1,760 My Brighter Future (MyBF) Scholarships for 2021. This sponsorship continues in the difficult environment following the COVID-19 pandemic to support efforts to improve human capital skills.
The handing over of the My Brighter Future (MyBF) Scholarship through Yayasan Tenaga Nasional (YTN) to students for the 2021 intake session was completed by TNB Chairman, Dato ‘Sri Hasan Arifin at the TNB Headquarters Sports Complex Multipurpose Hall, Kuala Lumpur, today.
According to Hasan, since MyBF was introduced in 2018, more than 6,800 students from the B40 group have enjoyed funding for their studies, including tuition fees, accommodation, living allowances, and so on until graduation.
Apart from MyBF, he said, TNB through YTN, which was established in 1993, also continued its commitment to provide scholarships and variable loans to higher education students. To date, more than 20,000 students have benefited from the entire educational assistance program with an estimated sponsorship of more than RM1.3 billion.
“As a caring corporate citizen, TNB serves the community in various forms of educational assistance. The MyBF Scholarship offer is a two -pronged strategy that is to create access to higher education for the underprivileged and thus eradicate poverty.
“Developing the country’s human capital through the provision of educational opportunities is one of TNB’s corporate responsibility initiatives, apart from socio-economic, environmental and sports related programs,” he said.
TNB has allocated RM49 million to fund the studies of MyBF 2021 students at more than 45 educational institutions throughout Malaysia in fields related to science, technology, engineering and mathematics (STEM) as well as Technical and Vocational Education and Training (TVET).
According to Hasan, the MyBF Scholarship is reserved for students from the B40 family without any bond or refund. The selection of students is made based on the database of the IPTA Student Admission Division, University Central Unit (UPU), e-Kasih System and they do not need to make an application or go through the interview process.
The MyBF Offer Letter is issued together with the Offer Letter to IPTA by the respective institutions to ensure that financial issues are not the main problem for students to start their studies. It is hoped that TNB’s initiative will not only ease the burden of the lowest income families to cover the cost of education but also enable their children to develop better careers for the future of themselves and their families and communities.
In terms of student achievement, 33.4% of MyBF students managed to get a CGPA of 3.50 and above in semester 2 of the 2020/2021 academic year and the analysis of academic achievement found that the overall average of students who managed to achieve a CGPA of 3.00 and above was over 75%.
The MyBF program not only provides financial assistance but also develops students’ competencies along with noble values and culture that are concerned with universal well-being including in the aspect of environmental care.