In a bid to encourage Indian students to go for higher studies abroad, an international B-school from South Africa has decided to offer Rs 100 crore through contractual loans that can be paid back by the student after they complete their education. According to the institute, the degree of the students will be retained by them as a guarantee and will be handed over to the student after the loan is paid off. Speaking about the initiative, Dr Marko Sarvanja, chairperson, Regenesys Group that owns the Regenesys Business School said, “We found that many Indian students who had the potential and capability to pursue an international career in management abroad were unable to do so as they found it difficult to accumulate the fund for it.” He also said that students would have the choice of paying back the loan over a period of 3-10 years.
