I promise you to the deepest of my will to study as a dedicated and hardworking student as I am currently for the possibility of receiving this bursary. I am immensely dedicated to my studies and promise to study hard and return with excellent results that will gratify and signify my appreciation for the opportunity I have been given and in the midst I hope to make, not only the bursar but my family proud of my achievement.
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Well, I (the answerer) should be considered in preference to the asker of the original question, because I at least know how to spell "scholarship." (Fixed now.)
This looks very much like a question on a scholarship application. They're looking for your answer, not one you got off the internet. Frankly, if you can't come up with a reason on your own, you don't deserve the scholarship.
When you are asked why you should be awarded the bursary, you need to market yourself. You should highlight all the reasons that make you the most ideal candidate for the bursary.