IIKM- The Corporate B School Scholarship Details

Divya Verma

There is a provision of scholarship for deserving candidates based on performance during the First year of study.

IIK scholarships allow top scholars from around the country to leap forward without worrying about financial hurdles. IIKM celebrates its fifth year operations in Chennai and Calicut. As a part of Corporate Social Responsibility they take the privilege of awarding scholarship for an amount of Rs.50 lakhs to the deriving candidates for 2001-12.

Education Loan:

Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Educational Loan Scheme to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses including professional courses in schools and colleges in India and abroad.

The Salient features of the scheme are as under:

• The scheme envisages loans up to Rs.7.5 lakh for studies in India and up to Rs. 15 lakh for studies abroad.
• For loans up to Rs. 4 lakh no collateral or margin is required and the interest rate is not to exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will not exceed PLR plus 1 percent.
• The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies