Toyota Motor Corp. held a stipend presentation ceremony at Ningxia University in China's Ningxia Hui Autonomous Region on Wednesday to offer assistance to students in midwestern China facing financial difficulties that stop them from entering university.
The Toyota Study Assistance Fund, which extends such assistance, will target one university in each of 20 provincial, municipal and autonomous regions in midwestern China, with stipends available for 10 first-year students a year per university, consisting of an annual amount of 5,000 yuan (about 73,000 yen) for four years.
Toyota said it plans to offer financial assistance to 1,000 university students through the fund over a five-year period to 2010--200 students per year. The entire fund is valued at 20 million yuan (about 292 million yen).
The Toyota Study Assistance Fund was established in March jointly with the Soong Ching Ling Foundation, one of China's oldest community service organizations.
It was established in May 1982 in memory of Soong Ching Ling, the late honorary president of China.
(Dec. 7, 2006)
http://www.yomiuri.co.jp/dy/business/20061207TDY08008.htm
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