MUNICIPAL/CORPORATION SCHOOL STUDENT SCHOLARSHIP FUND

Government have nominated TUFIDCO as a Fund Manager for MUNICIPAL/CORPORATION SCHOOL STUDENT SCHOLARSHIP FUND. Under this scheme Government have released Rs.4.53 crores and requested TUFIDCO to manage the above fund as Fund Manager and invest the amount prudently so as to get maximum rate of interest to award prizes and scholarship to the students of Municipal Corporations/Municipal Schools as and when directed from out of the interest earned from this Corpus fund. As per the directions given by the O/o Directorate of Municipal Administration TUFIDCO will release the fund to the students.