Cyprus Times

AKEL Proposes Abolition of Support Fund and Strengthening of Scholarship Foundation

Published January 27, 2026, 14:09
AKEL Proposes Abolition of Support Fund and Strengthening of Scholarship Foundation

AKEL has submitted a bill to the Parliament proposing the abolition of the Social Support Fund and the strengthening of the Cyprus State Scholarship Foundation (IKYK). The party argues that the Fund creates conditions for institutional entanglement due to its operation within the Presidential Palace and its funding from sponsors who may have interests in public works projects. The proposal stipulates that the Fund will settle its obligations to students until its abolition, after which the IKYK will take over all pending matters. AKEL seeks to strengthen student welfare through an institutional and transparent process, based on social criteria and not on charitable practices.