Karnataka Government Increases Incentive Funds for SC, ST Candidates Studying in IITs, IIMs, IISc, and NITs

In a significant move aimed at supporting students from Scheduled Castes (SC) and Scheduled Tribes (ST), the Karnataka state government has announced that incentive funds for SC and ST candidates enrolled in prestigious national educational institutes like IITs, IIMs, IISc, and NITs will be increased.

This decision, revealed by Karnataka’s Social Welfare Minister, H C Mahadevappa, is expected to provide a substantial boost to the educational aspirations of students from these communities.

Increased Incentive Funds

As part of this new initiative, the incentive fund for SC and ST students studying at premier institutions has been raised from Rs. 1 lakh to Rs. 2 lakh.

This additional financial support is aimed at easing the financial burdens on students pursuing higher education in fields such as engineering, management, and sciences.

By increasing the fund, the Karnataka government hopes to ensure that students from marginalized communities can access quality education without being hindered by financial constraints.

Minister Mahadevappa stated that the increase in the incentive fund will contribute significantly to the academic success of students from Scheduled Castes and Scheduled Tribes, adding that, “This change will pave the way for higher educational achievements of students from scheduled communities.”

 This move is seen as part of the broader efforts to provide equal opportunities for all students, regardless of their social or economic backgrounds.

One-Time Aid for High-Achieving SC Students

In addition to the increased incentive funds for students in IITs, IIMs, IISc, and NITs, another initiative has been introduced by the Karnataka government for students pursuing medical education.

A one-time aid of Rs. 25 lakh will be provided to SC students who achieve over 95% marks in their Pre-University Course (PUC) examination and secure a management quota seat in the MBBS course through the National Eligibility cum Entrance Test (NEET).

This financial support is intended to encourage academic excellence and provide assistance to high-achieving students aspiring to pursue a career in medicine.

Special Incentives for SC Students in MBBS Courses

In addition to the one-time aid for students securing management quota seats in MBBS, Rs. 25 lakh will be offered to SC students pursuing MBBS who score more than 60% marks in their first year of the program.

 This initiative is designed to motivate students from Scheduled Castes to excel in their studies and pursue careers in the medical field, which has often been inaccessible to many due to financial barriers.

Fostering a Contribution to Nation-Building

The Karnataka government’s initiatives reflect a commitment not only to providing financial support but also to ensuring that SC and ST students actively contribute to the nation’s progress.

SC and ST students in institutions like IIT, IIM, and IISc have been urged by Minister Mahadevappa to leverage the opportunities provided by these top-tier institutes to engage in nation-building activities.

 It has been emphasized that, upon completing their education, these students will have the potential to play a pivotal role in contributing to the development of a prosperous and powerful India.

IIM Raipur Launches Certificate Programme in Entrepreneurship

The Indian Institute of Management (IIM) Raipur is proud to announce the launch of its new Certificate Programme in Entrepreneurship, specifically designed for aspiring entrepreneurs. Set to commence on November 6, 2024, this comprehensive program aims to provide participants with the critical skills and practical knowledge necessary for successfully launching and managing their own businesses.

This three-month, non-residential course is tailored for individuals with a graduation degree in any discipline who are at least 21 years old. Interested candidates can submit their applications by October 15, 2024, via the official IIM Raipur website. The program’s primary objective is to empower residents of Raipur and stimulate local entrepreneurship, contributing significantly to the region’s economic development.

Curriculum Highlights

Participants will develop a robust understanding of essential business disciplines, including:

• Legal and Regulatory Compliance: Navigate the legal landscape essential for business operations.
• Business Management Skills: Learn the fundamentals of managing a business efficiently.
• Presentation Skills: Master the art of presenting ideas effectively to diverse audiences.
• Design Thinking: Cultivate creativity and innovation in problem-solving.
• Training Techniques: Gain insights into effective training and team management.

Immersive Learning Experience

At IIM Raipur, we believe in the power of experiential learning. The Certificate Programme will emphasize:

• Hands-on Activities: Engage in practical exercises that simulate real-world business challenges.
• Real-World Case Studies:Analyze actual business scenarios to gain deeper insights into entrepreneurship.
• Networking Opportunities: Interact with fellow aspiring entrepreneurs and industry mentors to build a supportive network.

The program aims to create a stress-free learning environment with minimal theoretical content, focusing instead on real-life business scenarios. Participants will leave the course with a comprehensive understanding of the nuts and bolts of entrepreneurship.

Accessibility and Learning Environment

To ensure inclusivity, the sessions will be conducted in a blend of English and Hindi, catering to a diverse group of participants. The curriculum will incorporate:

• Field Trips: Experience local businesses and entrepreneurial ventures firsthand.
• Interactive Demonstrations: Engage in dynamic learning experiences that encourage participation.
• Visual Presentations: Utilize multimedia tools to enhance understanding and retention.

Join the Entrepreneurial Journey

This program is not just about learning; it’s about cultivating a thriving entrepreneurial ecosystem in Raipur. By fostering a culture of innovation and business acumen, IIM Raipur aims to inspire the next generation of entrepreneurs.

Don’t miss the opportunity to embark on your entrepreneurial journey with IIM Raipur! Apply now to secure your spot in the Certificate Programme in Entrepreneurship and take the first step toward realizing your business ambitions. Visit the official IIM Raipur website for more information and application details.

Every year, between December and February, IIM organises PGDM/MBA programme placements for the MBA/PGP classes, and between January and July, the institutions release their final placement results for the graduating class. The average salary package offered to applicants at the top IIMs is between INR 20 and 25 lakh per year, while pay packages at the more recent IIMs range between INR 10 and 20 lakh per year. For the top three IIMS, A, B, and C, the highest CTC offers ranged from INR 70 lakh to INR 1 crore. The typical international starting salary is INR 60 lakh.

As in previous years, top employers visited the IIM campuses to hire management graduates for a variety of job roles, including E&Y, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, Morgan Stanley, Tolaram, Squareyards & Protiviti, EXL, KPMG, HSBC, Goldman Sachs, Amazon, Zomato, ICICI Bank, Bajaj, Axis, Tata, and WIPRO. IIM placement reports in great detail have been made public. See the information on IIM placements below.

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IIM Lucknow:

The final placements for the PGP and PGP AMB batch of 2021-23 have been made public by the Indian Institute of Management (IIM) Lucknow. The highest  domestic pay offer was Rs. 55 LPA, which was less than the highest salary of Rs. 58 LPA from the previous year. From Rs 31 LPA to Rs 32.1 LPA, the average salary increased.

Consulting firms at IIM Lucknow were Accenture, Deloitte India, Boston Consulting Group (BCG), PriceWaterhouseCoopers (PwC), and McKinsey & Company, which emerged as top recruiters at the final placements for this year’s PG batch.

IIM Calcutta Placements 2023:

There was a 3% increase in the average annual salary and a nearly 9% increase in the median annual salary offered to candidates this year at IIM Calcutta, IIM C (Indian Institute of Management), which recently finished the final placement process for the 58th batch of its flagship two-year MBA programme.

For the class of 2021-23, the average pay offered is Rs 35.07 LPA, the highest in the nation.

Top employers: The consulting industry hired the most people (232 offers), followed by the financial industry (86 offers), which together accounted for over 56% of all hires. Financial companies like A91 Partners, BNP Paribas, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, Nomura, and others participated in the institute. The top recruiters in the consulting industry included companies like Accenture Strategy, Bain & Co., Boston Consulting Group, Kearney, and McKinsey & Co.

IIT Madras Placements 2023:

The Department of Management Studies at IIT Madras has announced the final placement for the MBA class of 2021-23. DoMS IIT Madras Placement 20203. The average income offered is 20.19 LPA, with 30.6 LPA being the highest salary. India’s top institution is IIT Madras, according to the NIRF ranking for 2022.

IIT Placements 2023: The positions available are Associate Consultant Data Scientist, Data Science Analyst, Business Analyst, Assistant Manager, Future Leader Trainee, Lead Consultant, Project Management, Assistant Manager, Associate Advisor Management Trainee, Product Analyst, and Deputy Brand Manager. Manager of product supply. analysts of the supply chain, and others. Accenture, Axtria, Bank of America, Bounteous, Chain Alytics, Cognizant, DELL, HSBC, GAVS, HEXAWARE, Mahindra, and P&G are some of the top recruiters.

IIM Kozhikode Placements 2023:

 For its two-year PGP programmes, the Indian Institute of Management Kozhikode (IIM K or IIM Kozhikode) reported a placement rate of 100%. A total of 559 offers were made during the placement campaign by 123 recruiters. 2022 Batch IIM Kozhikode Placement. A 20% increase in average salary

Bank of America, JP Morgan, Delloite, Mercedes Benz, Microsoft, and PepsiCo were a few of the top employers. The median pay for the graduating class is Rs. 27 LPA, and the mean salary is Rs. 31.02 LPA. The average for the top 5 percentile of offers is Rs. 62.04 LPA, up 8% over the previous year, and the average for the top 10 percentile is Rs. 55.2 LPA, up more than 4%. The highest compensation offered on campus is Rs. 67.02 LPA by an IT company.

SJMSOM IIT Bombay placements 2023:

Shailesh J. Mehta School of Management at the Indian Institute of Technology Bombay (SJMSOM IIT Bombay) has announced the final placement for the MBA class of 2021–23, with 26% of students coming from premier institutions. The median CTC per PPO is Rs. 26.64 lakhs, with an average CTC of Rs. 28.88 lakhs annually. Highlights 50% PPO percentage Rs. 30.35 LPA Average CTC Rs 16.0 LPA Lowest CTC (PPO) per year placements at IIM Kozhikode in 2023. The typical wage on offer was Rs. 31 LPA. The CTC offered reached new heights, with the top 25% of students receiving Rs. 40.80 LPA, the top 50% receiving Rs. 34.58 LPA, and the top 75% receiving Rs. 31.41 LPA. The institution has once more demonstrated its mettle by maintaining its position as one of the top B-Schools in the country

prominent hiring managers from Fortune 500 organisations. ABFRL, Adani Group, Atomberg, Cargill, DBS Bank, Diageo, Edelweiss Alternative Asset Advisers, Fullerton India, Games24x7, Google, HCLTech, HUL, IBM Consulting, ITC, Landmark Group, Nation with Namo, Reckitt, Reliance Jio, and Sobha Realty are among the most recent employers.

IIM Ranchi Placements 2023:

The IIM Ranchi class of 2021–23’s campus placement procedure is now over. In the MBA class, 502 students found employment in 140 businesses in India and abroad. Out of them, 398 students were enrolled in the MBA programme, 69 in the MBA-HR programme, and 35 in the MBA Business Analytics programme. 15.3% of the organisations in the placement were from the banking, financial services, and insurance (BFSI) industry. Contrarily, 13.9% Fast Moving consumer goods (FMCG) companies, 14.6% of consulting firms, and 13.2% of IT and ITES firms were participating. A student starting an MBA degree at a foreign university received the highest offer during the placement procedure, which was Rs 65 lakhs annually.

25% of students were successful in obtaining a salary range between Rs 33.61 lakh and Rs 26.21 lakh annually. These students placed among the top 10. Several students have also been offered minimum annual packages ranging from Rs. 19.37 to Rs. 18 lakhs. Students in MBA programmes receive top salaries. The MBA students of the Institute did the best during the placement procedure. The session’s highest annual award went to one of the students, who received Rs 65 lakh. The average annual salary for the top 10 percentile students is Rs. 29.77 lakh. The students in the cohort received a minimum annual CTC of Rs. 17.34 to 16.50 lakhs at the same time.