This is a question that features in the standard letter of recommendation used by several scholastic or educational institutions to vet scholarship applicants.
The document is usually filled in by "a Professor under whom the applicant has studied or pursued research in the proposed field of study" - and is basically a way for the host institution to understand and assess the applicants intentions.
What significance
is the aspired scholarship?
If you're struggling to know what to write for this answer, then the above phrase is key.
It points out that the assessor wants to know how the scholarship fits into the student's future plans.
Is it going to help him further his career? Is it part of a bigger career plan? Does the student already have aspirations to develop further in a specific field?
Proving any or all of the above is vital, as it will reassure the university that the student in question will work hard and is deserving of the scholarship.
The second part asks about how the scholarship might enhance the student's home institution.
This is probably because a student that has plans to return to his institution and help further other people's knowledge and understanding with the skills he's learned during scholarship will be looked upon favorably.
Remember that this section of the application can only be completed by a professor that has directly taught the student in question.
So picking a sympathetic tutor that will give you a positive but fair recommendation is important! It's also important to work hard during the year to earn that recommendation.