The NSF Postgraduate Research Scholarship scheme is implemented in order to increase the number of postgraduate research studies conducted by Sri Lankan graduates at local Universities. It is also intended to attract and encourage graduates from recognized Universities to conduct research leading to postgraduate research degrees and to encourage them to take up careers related to research.

The NSF Research Scholarship scheme was initiated with the specific objective of encouraging young and outstanding graduates to conduct postgraduate research leading to MPhil or PhD. This scheme will assist in providing financial support to graduates to conduct research (within Sri Lanka) leading up to 3 years for MPhils or PhDs.