IIM-A Alumini Trust to bail out students
IIM-A Alumini Trust to bail out students
IIM Ahmedabad Alumni Trust has come to the rescue of students who face the prospect of losing money due to the delay in admissions. The admissions have been delayed due to the stand-off between the government and the IIM managements following a supreme court stay on OBC reservation.
The trust has decided to give soft loans to shortlisted students who face the deadline for paying up the admission fee at other management institutes. The students fear that they may have to forfeit their deposit money if they chose to accept admission to IIM-A, once the lists are finally out.
Needy students, despite being meritorious, may thus opt out. It is precisely to help such students that the IIM Ahmedabad Alumni Trust has decided to step in, said the trust advisory committee member KN Vaidyanathan. Students could take a loan from the trust to the extent that they lose through forfeiture of deposits paid to other B-schools.
More : economictimes.indiatimes.com
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