Sattar Hajee Abdoula, PCA and Komal Gujadhur, Head of Strategic Communications and Equity Research, SBM Group.

photo : J.Rombi

This is the 11th edition of the Higher Education Commission that the State Bank of Mauritius launched in the last quarter of this year at the SBM Tower (Port Louis). This year again, 200 scholarships were to be provided to finance higher studies in local universities and vocational and technical training provided by the establishments of the Mauritius Institute for Training and Development (MITD). This means that the group has awarded scholarships to more than 2,600 students to date.

“Through our scholarship program, we want to support and encourage the training of these young professionals who will have a key role in the development of the country in the years to come,” said Sattar Hajee Abdoula, Chairman of the Council of administration of the SBM Group.

These scholarships are awarded based on several criteria. The student’s family income should not exceed Rs 20,000 per month *. Academic results will also be taken into account when reviewing the application files. As in previous years, special attention will be paid to children coming from families registered under the Social Register of Mauritius (SRM) or from vulnerable groups defined by the 2017 Charter of the National CSR Foundation.

The scholarship for higher studies covers tuition, library, examination and other administrative costs, for an annual amount not exceeding Rs 30,000. This aid also includes an annual allowance of Rs 12,000. for the purchase of manuals and other necessary materials. Rodrigues and Agaléga scholarship holders, for their part, receive a return ticket and a monthly allowance of Rs 6,000 for accommodation costs.

* 1 euro = around 48 rupees (in 12/2020)