ISB to pay off students education loan to promote social ventures

The initiative aims to benefit students who are keen to start entrepreneurial ventures or work with organizations in the development sector including social ventures and NGOs. The School has set aside a corpus of Rs 30 lakhs to support selected students while paying their education loan for a period of two years. ISB would initially support five graduates starting from this year. Those graduates 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 on the initiative, ISB dean Mr. Ajit Rangnekar said, The 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.

At ISB, it has been our constant endeavor to encourage entrepreneurial initiatives by our students as well as equip them to be an integral part of the global business community. This initiative would be another step in this direction he added.