SINGAPORE, Jan. 10 (Xinhua) -- The Federation of Chinese Clan Associations of Singapore has said that it would be providing scholarships for students who would like to study at top universities in China.

The scholarship will be one of the initiatives by the recently- inaugurated leadership of the influential group, local Chinese daily Lianhe Zaobao reported on Monday.

The organization has managed to raise 4 million Singapore dollars of fund that would be used to fund the new initiatives, including setting up a scholarship to encourage Singapore students to enroll in top universities in China, said Chua Thian Poh, president of the federation.

It also plans to set up an award to promote arts and culture, the group said.

The Federation of Chinese Clan Associations of Singapore, which has been influential as the majority of the Singapore population descended from Chinese ancestors, will celebrate its 25th anniversary next week.