04.01.2016 - Youth volunteers get cash grants from GIC
Singapore sovereign wealth fund GIC is trying to encourage youth volunteerism by offering cash grants in return for 25 hours of community work. It has set aside $2 million for the scheme, called GIC Sparks & Smiles, and hopes to attract 200 students over four years. The programme is open to those studying in universities, polytechnics and the Institute of Technical Education here. They also must come from households with a per capita income of below $2,000. They will be put through a one-day training course and will then be required to serve the community for 25 hours. In return, they get a cash grant of $3,000 to $5,000 that is up to them to spend...............................................Full Article: Source
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