OREANDA-NEWS. August 10, 2011. Following their announcement on April 28, 2011 of the establishment of the MUFG NFUAJ East Japan Earthquake Recovery and Scholarship Fund, Mitsubishi UFJ Financial Group, Inc. (MUFG), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) and The National Federation of UNESCO Associations in Japan (NFUAJ) announced the start of the distribution of scholarship funds, reported the press-centre of MUFG NFUAJ.

The program has received a total of 1,177 applications, of which 778 applications have been verified and scholarship funds have been distributed.

Scholarship funds will be distributed to the remaining eligible applicants as soon as the verification process has been completed.

Based on the number of applicants to the scholarship program, the total size of the Scholarship Fund is expected to reach approximately 3.0 billion yen.