Mahapola bursary for 32,000

Over 32,000 undergraduates received Mahapola scholarships in the past three years. Rs. 2,550 million has been spent from Mahapola Funds for this purpose. Around 160,000 students have received Mahapola scholarships from 1981 to 2008.

The criteria of selection for scholarships was based on the highest performance at the GCE Advanced Level Examination with 10 percent on merit and 90 per cent on income basis.

The present allocation of Rs. 2,500 has been possible by investment of the scholarship fund amounting to Rs. 5.5 billion with annual interest of dividends as a single partner of investment in the National Lotteries.

The SLIIT, Malabe was floated by Mahapola Funds to enhance job opportunities.

Around 9,005 university students registered with the institute in 2008.