Now, IIM-A offers exit scholarships to students

Now, IIM-A offers exit scholarships to students

In a first, the Indian Institute of Management, Ahmedabad (IIM-A) will provide an exit scholarship to two fellows who say no to job offers to set up their own start-ups. They will get a monthly scholarship of Rs 30,000 for two years.

IIM-A will also help students who opt for the social sector, civil services or pursue doctoral research in India or abroad by paying 50% of their education loan amount.

The exit scholarships aim to provide a cushion of financial aid to students who choose unconventional career paths and is part of the B-school's move to modify scholarship criteria. The institute has also decided to increase family income ceiling from Rs 6 lakh to Rs 15 lakh to avail of scholarship from the next academic session.

Ashish Nanda, director of IIM-A, said, “IIM-A feels a moral commitment to ensure that all deserving candidates admitted to our PGP and PGPFABM programmes are able to attend the programme, irrespective of their economic background. Towards this objective, we are committed to offering deserving students the most generous scholarship scheme among management schools in India.“ Professor Tathagata Bandyopadhyay, chairman of admission committee at IIM-A, said a survey was conducted among students before finalizing the new formula for scholarship. 

Source | Times of India | 22 March 2016

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