ISB hikes amount and number of scholarships

HYDERABAD: The Indian School of Business (ISB) on Tuesday said it doubled its scholarship component from Rs 4 crore to Rs 8 crore starting 2013 academic year.With the increased outlay, one in every seven students will receive the scholarship as against one in every eight last year. Also, the minimum value of each scholarship has now been increased from Rs 3 lakh per student to Rs 5 lakh.The increased outlay of scholarships, given based on both merit and the financial need of students, will take care of 25 to 50 per cent of the total tuition fee. "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," said Deepak Chandra, Deputy Dean, ISB.He added that students are selected on the basis of exceptional academic and professional performance as well as personal qualities such as leadership, integrity and community service.Besides this scholarship, ISB also encourages students aspiring to start their own ventures through the 'Develop India' initiative.Potential ideas would be incubated under the Entrepreneurs Development Intiative (EDI) at the Wadhwani Centre for Entrepreneurship Development of the ISB and the scholarships will cover the student's loan EMI amount of up to a period of two years.Apart from this, several organisations such as Citi Foundation, Novartis, IBF, Talentia, La Caixa and Casa Asia provide a wide array of merit and need-based scholarships. For instance, the Novartis scholarship is specifically offered to encourage women students from small towns.Meanwhile, Indian School of Business, now in its 10th year, will offer its trademark Post Graduate Programme in Management (PGP) from two locations -- Hyderabad and Mohali -- and the combined class size is expected to increase from 560 to 770.The Mohali campus will have four specialised offerings covering public policy, healthcare, manufacturing and infrastructure management.