afaqs!Published: 3 Dec 2019, 10:59 AM
Companies

Dainik Bhaskar Group sets up ‘Dainik Bhaskar Merit-Cum-Means Scholarship’ at IIM-Ahmedabad

Dainik Bhaskar Group along with Ramesh & Sharda Agarwal Foundation announced the setting up of the “Dainik Bhaskar Merit-Cum-Means (MCM) Scholarship” at one of India’s premier business schools with a legacy of creating global leaders, the Indian Institute of Management (IIM) Ahmedabad, on the memorable occasion of the 75th birth anniversary of Late Shri Ramesh Chandra Agarwal.

The MCM Scholarship is being established with a vision of promoting students who are meritorious, but lack means to provide for their higher education which is relatively expensive in India.

For this initiative, Dainik Bhaskar Group and Ramesh & Sharda Agarwal Foundation intend to donate Rs. 50 million over a period of 10 years initially, 4 students will be selected each year through a holistic selection approach based on merit and means, for up to 50% scholarship on tuition fee towards a 2-year course in MBA / MBA-FAMB stream.

The shortlisting will be based on 50% weightage given to a student’s academic merit while the balance 50% weightage to the family’s annual income of below Rs 15 lacs. In each batch, 1/4th of the Scholarship recipients will be reserved for female students

(We got this information in a press release).