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13  (1) The foundation shall take all such measures as it deems necessary for the promotion, development and financing of education in private sector in line with the education policy of Government.

(2) Without prejudice the generality of the function mentioned in sub-section (1) the foundation shall:-

(a) Establish or cause to be establishing educational institution and allied projects.

(b) Given loan to an individual or non government organization for construction of buildings, purchase of equipments, furniture and educational materials including books, stationary and other such materials, for the establishment of an educational institution8.

(c) give loans from the fund of assets in getting loans from scheduled banks for the purpose as given in clause(b) above.

(cc) grant scholarships, stipends, fellowships to students on merit-cum inaffordibility basis, both in public and private educational institutions, including those run by autonomous bodies9 ;

(d) Sell or lease plots provided under government housing scheme for educational institutions and assist and getting plots and land from government development authorities and housing agencies control by government.

(e) Subject to such conditions in such manner as may be prescribed, be responsible for promoting and financing:-

(i) The development of education in all sectors with priority being given for the female education, primary education, education in rural areas technical and vocational education.

(ii) Surveys and studies, to identify areas of malfunctioning in the educational system and suggesting remedies therefore.

(iii) Educational and innovational programs particularly relating to achievement of universal literacy, training in skill and trade oriented discipline, functional literacy, particularly in the primary sector, and education of the exceptional disabled, retarded and problem children.

(iv) Research and field scale testing of educational approaches, methodologies and technologies.

(v) Activities of educational societies and arrangements of seminars, symposia workshops and other such activities.

(vi) Modernization of curricula with emphasis on Islamic, national, economic and industrial aspects.

(vii) In special cases, in accordance with the priorities of education development programs of government, the establishment by the foundation of educational institutions and projects in the educationally deficient areas.

(viii) Procurement, distribution and development of educational materials and tools.

(ix) Schemes formulated for training of teachers and other staff; and

(x) Schemes for improving the quality and standard of education in the privately managed institution.

(f) Perform such function as:

(i) Preparing and submitting schemes to government for the development of educational programs and projects including schemes for research and modernization of education

(ii) Giving effect to approve schemes;

(iii) Improving teachers Training institutions;

(iv) Encouraging the formation of voluntary associations in furtherance of the purposes of the Act;

(v) Taking appropriate measures for integration, coordination consolidation and monitoring of privately managed institutions and projects; and

(vi) Preparation and submission to the Board of an annual report upto 30th June of the last year on the status of education in various sectors in the province and activities of the Foundation by the month of September of the following year; and

(g) Perform such other functions as may be assigned to it by Government,

(3) The facility provided under clause (cc) of sub section (2), shall b distributed equally among male and female students belonging to urban and rural areas. The institution concerned shall, in respect of every student to whom the facility under the aforesaid provisions has been extended, allow concessions in the tuition fee to the extent of twenty percent of the total fee being charged by such institution10

14 (1) While making loans under this Act, the Board may impose such conditions or execute such agreements as it may consider necessary or expedient for protecting its interest and securing that the loan is put to such use by the borrower for which it was advanced.