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| Sunday, 13 October 2002 |
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Applications called for Pranama scholarships Eighty five scholarships will be on offer at the second year of the 'Pranama' scheme, Ceylinco Life's community programme to groom future leaders through scholarship endowments, the company announced recently. Calling for applications from eligible Ceylinco policyholders' children, the private sector insurer said applications would close on November 30 for scholarships to be awarded in January 2003. The four-tiered Pranama scholarship scheme recognises academic achievements at the Year 5 government scholarship examination, the GCE Ordinary Level, GCE Advanced Level, and also rewards accomplishments at national level in art, drama, cultural activities, inventions and sports. Ceylinco Insurance Director and General Manager (Life) R. Renganthan said the company planned to award up to 25 scholarships for each of the academic categories one per district and 10 national merit awards. The aggregate value of the cash disbursement for the second year of Pranama is expected to be around Rs. 4.4 million. Funded by an initial allocation of Rs. 16 million from Ceylinco Life, the Pranama scheme awards district level scholarships with a cash value ranging from Rs. 36,000 to Rs. 72,000 per scholarship winner. Achievers at national level receive lump sum payments of Rs. 25,000 each. |
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