Updated on: Wednesday, October 12, 2011
The Indian School of Business (ISB) recently announced the doubling of its scholarships from Rs 4 crores to Rs 8 crores for the incoming Class of 2013. Through this increased outlay, one in every seven students studying at the school will receive scholarships of 25 per cent to 50 per cent of the total tuition fee. The scholarships will be awarded on both merit and financial need basis to outstanding students, selected on the basis of exceptional academic and professional performance as well as personal qualities such as leadership, integrity, and community service.
Speaking on the increase in scholarships, Deepak Chandra, deputy dean, ISB, said, “We take great pride in the diversity of our students. The doubling of our scholarship outlay reaffirms our commitment of grooming future leaders by opening gateways to world-class management education. We are confident that our efforts will continue to reap results in terms of attracting the best talent as well as strengthening the brand ISB.”
In addition to the above-mentioned scholarships, students who aspire to start their own ventures also get support through the ‘Develop India’ scholarship. These scholarships are offered to aspiring entrepreneurs whose ideas are being incubated under the Entrepreneurs Development Initiative (EDI) at the Wadhwani Centre for Entrepreneurship Development (WCED) of the ISB. The scholarships cover the students’ loan EMI amount up to a period of two years.