The school has set aside a corpus of Rs. 30 lakhs which will be used to support selected students through payment of their educational loan EMIs for a period of two years. ISB would initially support five graduates starting this year. Those students who have accepted employment in social ventures (like microfinance, NGOs, grassroot level development institutions, etc) and those who are in the process of rolling out their own ventures immediately after graduation would be eligible to apply.
Speaking of the initiative, ISB dean Mr Ajit Rangnekar said, aThe challenge of creating their own employment appears to be a much more exciting prospect than the lucrative placement offers by global majors for an increasing number of students at the Indian School of Business (ISB). With this in mind, we have instituted the Nurture India Scholarships. The purpose of this project is to encourage ISB graduates to make a more direct contribution to society through employment in social ventures and entrepreneurial efforts, and stimulate wealth creation in the country.a