The Hyderabad-based Indian School of Business (ISB) has doubled the outlay for student scholarships from Rs 4 crore at present to Rs 8 crore for the class of 2013, for which admissions are now open. The increased outlay would mean that one in every seven students will receive scholarships, the value of which would be 25 - 50 per cent of the total tuition fee. The tuition fee for the 2013 class would be the same as the current year's, at Rs 18.5 lakh. The scholarships will be awarded on both merit and financial need basis. Students would be selected on the basis of exceptional academic and professional performance as well as personal qualities such as leadership, integrity, and community service, the b-school said in a press release.
ISB deputy dean Deepak Chandra said the doubling of the scholarship outlay would open 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,” he said.
Students who aspire to start their own ventures would get support through the ‘Develop India’ scholarships. These would be offered to aspiring entrepreneurs whose ideas are incubated under the Entrepreneurs Development Initiative (EDI) at the Wadhwani Centre for Entrepreneurship Development (WCED) of the ISB. These would cover the students’ loan EMI amount up to a period of two years.