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Narayana Murthy launches 20-year inflation-linked scholarship at IIM Ahmedabad

Starting this academic year the award guarantees full two-year PGP funding for the student with the highest first-year CGPA

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Narayana Murthy funds IIM Ahmedabad’s first inflation-proof MBA. Here’s how it works
IIM Ahmedabad gets Rs 12 crore inflation-linked scholarship from Narayana Murthy

Overview

  • The scholarship is named Professor Jaswant G Krishnayya Merit Scholarship to honor the late professor’s legacy and contributions to IIMA
  • It fully covers two-year PGP tuition, accommodation, meals, and course materials with annual inflation-linked adjustments
  • Murthy has committed a Rs 12 crore endowment under a formal MoU with IIMA to fund the award through 2045
  • The scholarship will be awarded each year to the student who secures the highest first-year CGPA in the PGP programme, effective immediately
  • The IIMA Endowment Fund facilitated the partnership as part of its efforts to expand merit-based access to management education