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Oral Questions - 07th April 2011- on Mahapola Higher Education Scholarship

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Answers to questions asked by Hon. Ravi Karunanayake, M.P., on Mahapola
Higher Education Scholarship Trust Fund are as follows:

Question No: 0651/10


a.    (i)    The Higher Education Scholarship Trust Fund was established by Parliamentary

Act No.66 of 1981.  This Fund was initiated by Honourable Lalith Athulathmudali, the then Minister of Trade and Shipping.



The aims and objects of the Fund in terms of Section 5 of the Act are as follows-



a,    to provide higher education facilities to youth;

to provide assistance to deserving youth who have completed their secondary education satisfactorily, so as to enable them to complete their academic, industrial or technical education at a University or technical or higher educational Institute as the case may be;


to set up and assist in the setting up and management of vocational training institutes for enabling youth to develop their vocational skills and competence;


d.    to set up and assist in the management and conduct of schools, institutes,

foundations and similar institutions engaged in the furtherance of education; and

to provide assistance for the development and improvement of the skills and competence of lecturers, teachers and such persons engaged in the furtherance of education.


(a)    (ii)    The accumulated Fund as at 31.12.2010 is Rs.6,847,591,573.81

Fund from 1981, the year of inauguration to December 31, 2010.


Year
Amount added as capital / Capital accumulated Fund

1981
Inauguration
9,300,118.44

1982
31,512,208.24
40,812,326.68

1983
30,292,630.17
71,104,956.85

1984
34,113,962.37
105,218,919.22

1985
74,998,565.88
180,217,485.10

1986
107,464,976.53
287,682,461.63

1987
74,155,051.26
361,837,512.89

1988
29,682,848.90
391,520,361.79

1989
121,751,922.05
513,272,283.84

1990
49,258,689.19
562,530,973.03

1991
112,730,680.17
675,261,653.20

1992
157,166,637.09
832,428,290.29

1993
311,279,508.38
1,143,707,798.67

1994
256,573,595.84
1,400,281,394.51

1995
346,118,377.23
1,746,399,771.74

1996
408,908,126.44
2,155,307,898.18

1997
329,084,025.48
2,484,391,923.66

1998
280,467,961.91
2,764,859,885.57

1999
271,038,935.37
3,035,898,820.94

2000
290,679,389.34
3,326,578,210.28

2001
357,186,690.14
3,683,764,900.42

2002
220,278,238.73
3,904,043,139.15

2003
65,638,507.69
3,969,681,646.84

2004
563,180,630.73
4,532,862,277.57

2005
424,144,090.84
4,957,006,368.41

2006
363,890,920.51
5,320,897,288.92

2007
208,106,260.55
5,529,003,549.47

2008
409,658,284.64
5,938,661,834.11

2009
475,165,399.31
6,413,827,233.42

2010
433,764,340.39
6,847,591,573.81


(b)    (i)    The present Trustees of the Fund are –


Ex-officio-

Honourable Asoka de Silva, the Chief Justice


Honourable Johnston Fernando, Minister of Cooperatives and Internal Trade


Mr. H. M. Gunasekara, Secretary to the Ministry of Education


Dr. Sunil Jayantha Navaratne, Secretary to the Ministry of Higher Education.


Mr. Sunil S. Sirisena, Secretary to the Ministry of Cooperatives and Internal Trade.


Appointed –

Honourable Kesaralal Gunasekara, Leader of the Opposition in the Municipal Council of Dehiwela – Mt.Lavinia.


Prof. K. A. M. Ranasighe, Vice Chancellor of the University of Moratuwa.


(b)    (ii)    A. Raninstion Watte, Malabe.

B. “Attidiya Wela Idama”, Ratmalana

(b)    (iii)                                          Purchasing Price         Present Market Price


A. Raninstion Watte, Malabe.        Rs.12,460,178.87    No assessment has been done


B. “Attidiya Wela Idama”,        Rs.  6,374,000.00    Has been sold on 13.12.2005

Ratmalana

(iv)    Yes.  “Attidiya Wela Idama” Ratmalana was sold.


(b)        (v)    Purpose –     Sold on 13.10.2005, owing to practical problems.

encountered with regard to maintenance and use.


Selling price – Rs.221,500,000/-





(c)        (i)    Scholarship recipients - 39548




(c)        (ii)    Scholarship Instalment paid to a merit scholarship recipient – Rs.2,200/-


Scholarship Instalment paid to an ordinary scholarship recipient – Rs.2,150/-



(d)        Does note arise.