The Cabinet of Ministers has approved to increase the Mahapola scholarship premium to Rs. 7,500 and bursary premium to 6500 with effect from April 2025.

As, Mahapola scholarship premium and Bursary premiumgiven to university students have not been increased since the year 2015, attention of the cabinet of ministers has been drawn to the necessity of revising the Mahapola scholarship premium and Bursary premium by a joint proposal presented by the Minister of Education and Minister of Trade, Commerce, and food Security.