Attractive scholarships have been instituted for outstanding students with an aptitude for research, studying for the Masters Degree in Mathematics or Statistics. The selection for awarding these scholarships is done on the basis of written tests/interviews. Advertisements inviting application for these scholarships normally appear in July in leading newspapers. Copies of the advertisement are also sent to several university departments of mathematics in the country. The amount of the scholarship is Rs. 6000/- (Rs. Six Thousand only) per month.