Date:09/10/2007 URL: http://www.thehindubusinessline.com/2007/10/09/stories/2007100952282300.htm

Back ISB hikes scholarships

Our Bureau

Hyderabad, Oct. 8 The Indian School of Business (ISB) has announced a range of scholarships worth Rs 3.3 crore, to be offered to students who will be selected for the new class of 2009.

The total scholarship amount represents a 55 per cent increase over the scholarships offered to the previous class, according to Mr M Rammohan Rao, Dean, ISB.

While ISB would offer 60 per cent of the scholarships, 40 per cent will be awarded by private companies such as Citigroup, Novartis, Sierra Atlantic, Ambit Finance, and others, to the ISB students.

In a statement, the Dean said, “We have always focused on enhancing our talent pool and on making world class management education accessible to all bright young Indians. No deserving student has ever been turned away from the ISB for want of financial support. This additional funding will allow us to reach out to an even wider talent pool.”

Criteria

The scholarships are both merit- and need-based and will be given 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.

Several scholarships will be awarded to students who come from small towns of India, women students, and international students.

The ISB has also entered into agreements with leading banks such as HDFC Bank, State Bank of India, Andhra Bank, and Punjab National Bank, to provide soft loans to its students.

About 95 per cent of ISB students get loan facilities at low interest rates.