The Stanford Graduate School of Business (GSB) is seeking MBA candidates, who are citizens of India and interested in contributing to the country’s human and socio-economic progress, to apply for the Stanford Reliance Dhirubhai MBA Fellowship .

Reliance Dhirubhai Fellows are to receive tuition support and associated fees of an estimated $145,000 (around Rs 87.52 lakh) total value per Fellow for the two-year programme. Funding is automatically renewed for the second year if the student maintains good academic standing and community citizenship at Stanford GSB.

After graduation from the MBA Programme, each Fellow must return to India for a minimum of two years of employment in the private or public sector.  

The return to India would help the Fellows leverage their new skills to make an impact in the country. Applications would be accepted through June 13, 2014.

Initially launched in April 2008 the programme defrays the costs of application and attendance for promising Indian students with financial need in obtaining an MBA at Stanford. Up to five selected fellows will join the Class of 2017 in September 2015.

“The inclusion of promising young leaders who will make a difference in India’s future is essential for the global perspective we aspire to create in our programme,” said Garth Saloner, Dean of Stanford Graduate School of Business, in a statement.

“This fellowship programme allows the Stanford MBA Programme to extend its outreach within India to attract the best and most diverse MBA candidates possible, regardless of their financial situation,” Saloner added.

Up to 50 finalists will be selected by mid-July based on merit, commitment to developing India, and financial need, as assessed through a review of each individual’s personal resources.

Stanford may select up to five Reliance Dhirubhai Fellows from among the 50 finalists, based on the primary admission criteria of intellectual vitality, demonstrated leadership potential, and personal qualities and contributions.

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