This Scholarship Scheme was commenced by the Ministry of Trade, Commerce and Consumer Affairs. The scholarship is offered based on the maximum marks scored at the G.C.E.(A.L ) Examination. Mahapola Scholarships benefits are granted subject to a maximum of Rs. 5000/= which contains Rs. 2150/- granted by the Funds based on the Family income reports and Rs. 2850/- given by the University. The amount payable varies depending on the income reports and the marks scored at the G.C.E.(A.L ) Examination.
Lists of payments under the Mahapola Scholarship Scheme are prepared by the Trust Fund Division of the Scheme falling under the purview of the Ministry of Trade, Commerce and Consumer Affairs and taking decisions relating to all matters including the payment of arrears, suspension of installments, re-establishment of the suspended installments etc., shall be the responsibility of the Mahapola Scholarship Trust Fund.
Entitlement to Mahapola Scholarship benefits is limited to the period in which the students are involving in academic activities following their registration with the University and ten installments are paid during one academic year.
The date/ dates of paying Mahapola Scholarship installments will be exhibited in the Notice Boards in the hostels and in other relevant notice boards. The payment of installments to students who do not collect three continuous installments shall be suspended. More details on the Mahapola Scholarship Scheme may be obtained from the Students’ Welfare Division.
Conditions pertaining to Mahapola Scholarships and Bursaries
The conditions pertaining to Mahapola Scholarships and Bursaries are as follows. Following requirements and conditions shall be fulfilled by students to be entitled to Mahapola Scholarship benefits and obtain the installments paid within the relevant academic period.
Bursaries and other General matters
Applications would be called by the University for the selection of qualified students to receive bursaries. Ten scholarship installments would be paid per an academic year subject to a maximum monthly payment of Rs. 4000/= based on family income reports and marks. The amounts paid as the bursary would be differed based on the marks obtained and the family income reports submitted.
Suspension of Bursaries
Ven. Vice Chancellor Thero has the power to totally or temporary suspend the Mahapola Scholarship benefits or Bursaries (Grants) for reasons given below.
It would be compulsory to submit the Student’s Identity Card issued by the University to the Shroff to obtain the scholarship installments and bursaries.
When the payment of bursaries is temporarily or permanently suspended, taking decisions about it is the responsibility of the authorities of the University.
The students those who receive the Mahapola Scholarship shall be disqualified to receive the bursaries.
Ven. Vice Chancellor’s Fund
This fund has been established in the year 2001 with the objective of attending to the welfare of the students and the staff as well as promoting the learning of Buddhist Studies and the study of Pali language. For this purpose, a Controlling Board has been appointed by the University Council.
The students will be made aware on the importance of scholarships on each such occasion and they are categorized as follows.
01 Scholarships offered by various institutions and individuals.
02. The scholarships offered to the students selected by the University during their academic period.
03. Awards and Gold Medals awarded after the convocation to the students selected by the University.