Scholarship for online courses
To provide funding to deserving students pursuing online courses, entrepreneur and philanthropist Ronnie Screwvala has launched a Rs 100-crore scholarship fund for online education. The fund has begun with an initial corpus of Rs 10 crore and aims to get to Rs 400 crore over the next three-four years. The rest is likely to be raised from other like-minded individuals and corporates committed to building the eco-system. The scholarships fund will give out scholarship ranging from Rs 25,000 up to Rs 2,00,000 and will also facilitate loans for the students who would not qualify for scholarships but would look for funding to repay once they get promoted after their online studies are completed.