On December 7th, the Ministry of Defence (MoD) announced a cooperation with the Indian School of Business (ISB) to grant scholarships to military personnel who return to civilian life after retirement.
Under the terms of the agreement, the ISB would waive 50% of tuition fees for staff enrolled in postgraduate and advanced management programs, up to Rs 2.3 crore each year. Each academic year, 22 ex-servicemen will profit from it.
The alliance intends to add cutting-edge management talents to the large skill base currently possessed by Armed Forces members and veterans.
Secretary (Department of Ex-Servicemen Welfare) Shri Vijoy Kumar Singh has extended sincere gratitude to the ISB for entering into a collaboration with the MoD. “Most of the Armed Forces personnel retire at a younger age and are most disciplined, filled with zeal and vigour to serve the country. This initiative will provide a valuable opportunity for our veterans and soon-to-retire personnel to pursue world-class education at the ISB and play a leadership role in making a Viksit Bharat by 2047,” he said.
Expressing delight over the collaboration and the chance to further contribute to nation-building, Dean, ISB Professor Madan Pillutla stated that the 50% tuition fee waiver is a way of expressing gratitude to the Armed Forces personnel who protect the nation with unwavering commitment and unmatched bravery. “The soldiers instill discipline, leadership, and commitment – the qualities that are a bedrock of brilliance in any role of significance. The initiative aims to make world-class education more accessible to those dedicated to serving the nation,” he said.
The ISB has over 100 veterans among its alumni. They bring significant value to the classroom and strengthen the alumni network.
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