The government has decided to increase the number of Mahapola Scholarships and bursaries by increasing the annual income level from Rs. 0.5 million to Rs. 1.5 million.
With this move it is expected to increase the number of bursars and Mahapola scholars by 30 per cent.
Accordingly from this year around 4,000 more undergraduates will receive Mahapola scholarships and bursaries. At present 7,000 undergraduates receive Mahapola scholarships and bursaries annually. Director General of Mahapola Scholarship fund Parakrama Bandara said.
“The annual income level was increased to Rs 1.5 million aiming to offer Mahapola scholarships and bursaries to more students. Accordingly all undergraduates of parents, whose annual income does not exceed Rs. 1.5 million will receive Mahapola scholarships and bursaries from this year” he added.
As an outcome of the move, undergraduates of most state and private sector employees will be entitled to obtain Mahapola scholarships and bursaries from this academic year. So far Mahapola scholarships and bursaries were offered only undergraduate, whose annual family income was under Rs. 0.5 million.
Meanwhile it has been taken measures to enlist more female undergraduates to obtain the Mahapola scholarship and bursary scheme.
He further added that the allowance of Mahapola scholarship will be deposited in bank accounts of the undergraduates. An amount of Rs 5,000 is offered as a Mahapola scholarship.
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