MUSCAT, 12 December 2012 – Following a successful year of educational and vocational training support to numerous beneficiaries, registration is open for intake of a new batch of 'Jesr al Mustaqbal' (Bridge to Future) youth scholarships from Bank Muscat aimed at providing relevant educational and training opportunities to Omani youth to develop employable skills.
The programme launched as part of the Corporate Social Responsibility (CSR) offers study and vocational training sponsorships for young Omanis - both male and female from low-income and limited income families who have not been able to complete their education for various reasons. The bank has set aside 20 per cent of its CSR budget for the programme. Scholarships will be distributed to students from all provinces in the country in the ratio of 60 per cent to interior regions and 40 per cent to Muscat region. The bank organised a ceremony to felicitate the 2012 beneficiaries of 'Jesr al Mustaqbal' youth scholarships and announce the new programme for 2013. The scholarship programme reaches out to Omani youth at two levels. In the first category, secondary school graduates from underprivileged families are sponsored to pursue undergraduate diplomas at selected colleges and universities. The study programmes are limited to diploma in Banking, Accounting, Finance or Information Technology, the duration of which will not exceed three and a half years. The criteria for scholarships include that the beneficiaries should be Omani nationals below 25 years and registered with the Ministry of Social Development. Candidates who have been granted scholarships from other government or private institutions are not eligible to apply and they should not be employed in the private or government sector.Candidates applying for scholarship will be required to clear a placement test administered by respective educational or training institutions. Priority will be given to students with no employment in the family. Applicants will also be required to attend an interview to ascertain eligibility for the scholarship. Candidates must submit applications to L&D department at the bank's head office, along with copies of high school certificate, social security card and ID card. The last date for receiving applications is 19 December 2012. Bank Muscat is committed to its corporate social responsibility and thereby contribute towards sustainable development by working closely with local communities with the aim of improving living standards in a manner that serves the national economy and development process at the same time. The scholarship programme will help students from weaker sections of society to acquire employable skills, guaranteeing economic independence to them.