The Canara Bank Jubilee Education Fund

The Canara Bank Jubilee Education Fund (CBJEF) functioning as an independent, registered society under the Societies' Registration Act has completed 58 years of fulfilling service in the field of education. It was promoted and set up by Canara Bank in 1956 as part of the Social Welfare Activities launched to commemorate the Golden Jubilee of the Bank.

The main objective was to promote and encourage higher technical and scientific education by extending financial assistance (loan scholarships) to deserving students pursuing Engineering and Medical courses. The broader objectives included encouragement and support, both for formal and non-formal education in different ways. In a way, it was a pioneering effort at a time when it was difficult to pursue professional courses.

The CBJEF started a Book Bank in 1958, a lending Library of Engineering and Medical books, which has proved to be a boon to students in Bangalore. Presently, apart from token educational aid to needy, merit students, the CBJEF also honours rural High School Students (SSLC), under its 'Pratibha Puraskara' Programme, as part of its non-formal educational activities. Funding for all activities is largely met by some donations and endowments created by well-wishers.

Successive governing bodies [Hon. President, Hon. Secretary and other members], receptive to new ideas and changes, have enabled the CBJEF'S steady growth in the initial years and a meaningful expansion of its activities thereafter.

Shri K.P.J. Prabhu (later Chairman and MD, Canara Bank) was the first President of CBJEF from 1956 to 1957 and was succeeded by Shri A. Narayana Pai (1958-1975), Director, Canara Bank, who later became the Chief Justice of Karnataka High Court. Shri S.R. Prabhu [ later General Manager, Canara Bank], was the first Secretary of the the CBJEF and was succeeded by Shri U.K. Kini (1976-1995) who had earlier retired as General Manager, Canara Bank in 1975. The CBJEF has since come a long way and with a progressive governing body at the helm, continues to contribute to educational activities in tune with its objectives.

After an amendment of the CBJEF's bye-laws in November 2008, the Sponsor Bank (Canara Bank) has to nominate four members (out of a total of seven) to the Governing Body of the CBJEF. Since then, two serving executives of Canara Bank, one each from Human Resources Wing (Personnel Wing) and Priority Credit and Financial Inclusion Wing and two retired executives of Canara Bank (presently the Hon. President and Hon. Secretary of the CBJEF) continue to be on the Governing Body, as nominees of Canara Bank. The remaining three members are elected by the General Body at the Annual General Meeting (AGM) of CBJEF. All the seven members can hold office for a minimum period of two years, with an option to continue if renominated or reelected.

Fulfilling Service

The CBJEF's Book Bank in Bangalore which caters to Engineering and Medical students has been successfully functioning and many students are zealously making use of the facility. Past scholars of the CBJEF as well as Book Bank members have excelled in their spheres, making a worthy contribution to society.

In tune with the progressive changes in technology, CBJEF has also embarked on expansion and modernization, enabling greater service to the student community. A project for automation of the Book Bank's services was taken up with the help of a specifically designed Library Automation Software. The Automation System is now functional, enabling issue of books to students.

As for the future, the possibilities are enormous and the scope for implementation unlimited. For the CBJEF to strengthen its base and emerge in a more full-fledged way, the sustained support and patronage of a large number of well-wishers is a must. Past scholars of the CBJEF, past and present members of the Book Bank, philanthropic institutions, individuals and even commercial organizations with a strong sense of social responsibility can all contribute to the noble cause and help to carry the mission forward.

CBJEF: Administrative Office:
3rd floor, Dwarakanath Bhavan (Canara Bank Premises)
50, K R Road, Basavanagudi
Bangalore 560004 (Tel: 080-26620343)
[Reference:''A Banking Odyssey: The Story of Canara Bank'']