XLRI raises scholarship for fellows

Leading B-school in the country, XLRI, on Wednesday said it has increased financial aid for scholars enrolled in the institution's Fellow Programme in Management.

From June, a full-time doctoral scholar will be awarded a fellowship of Rs 45,000 per month during the first and second year of the programme, and monthly Rs 50,000 for the next two years, a statement issued by XLRI said on Wednesday.

"In enhancing the financial support to FPM scholars, XLRI is driven by a keen intention to train and supply high quality management scholars to meet the country's growing needs in the management education space," the institution said in a statement.

Now, an FPM scholar gets a monthly fellowship of Rs 20,000 for the first year and Rs 25,000 for the second year, and the financial aid is Rs 45,000 and Rs 50,000 for a fellow student of the third and fourth year of the programme, an official said.