SFAFDB an autonomous national organization established on March 06,2006 (Phalgun 22,2062), is governed by a body having nine executive members representing various sectors. It has been working for the establishment of Proxy Means Testing (PMT) based poverty targeting mechanism and to providing scholarships an grants in Higer Secondary and University (Bachelor) level education. Board expects optimum use of its PMT expertise in other sectors regarding the utilization of distribute capability of State and other programmes in Nepal that demands poverty targeted intervention.

Board has successfully implemented Second Higher Education Project (SHEP), Component-II: Student Financial Assistance Scheme (SFAS) which tried to ensure assist under-priviledged students to help improve equitable assess to education.

Now, National Progrtam for Higher Education Reform and Development ( NPHERP) lunching from 16, July, 2014 to 20, July 2020. This project is continuation of the Second Higher Education Project (SHEP) with a view to fully institutionalizing the positive outcomes of the SHEP.

Following poverty tatgeted PMT method is selected beneficiary students who were supported by Grants directly deposited to their individual bank accounts through Ristriya Banija Bank Limited (RBBL)- a first class financial institution selected on the basis of national competitive bidding process. 

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