Governmental grants are offered to business schools for the overall development of these institutions and their students. Grants are offered to business schools to revise syllabi, encourage research and hold training programs. Grants are free money with no need for repayment. The qualification for business school grants depends on financial need and academic excellence. Business schools in turn offer grants to students for research development.
Business school grants are utilized to create opportunities in the university for upcoming scholars. Grants for undergraduate and graduate students to pay fees are a great relief for students from low income families. Research scholarships and fellowships are offered to students based on their performance. Those with disabilities have special consideration for getting business school grants. Financial assistance is provided to promote impartiality based on sex, race, origin, age or proficiency in a language. Students are eligible to attain one or two grants based on their competitive performance. Incentives are offered even to parents of brilliant students.
Business school funds are used for the teaching of new business procedures, plans and methodologies to cope with global standards. Funding is also utilized for training in foreign languages and internationally relevant topics. Grants enable research and training in trade, commerce and other related fields. Faculties, students and institutions of higher education situated near a particular business school also benefit from grants allocated to the school. Business school grants for up gradation of technology and online resources are useful in interactive study.
Business school grants are used for the construction of new buildings, renovation of existing buildings and ensuring primary facilities in the institution. Salaries of visiting professors and their expenses are paid from these grants. Social development and related challenging issues also need financial support. Funds to conduct summer classes for faculties, research seminars, debates and workshops are taken from business school grants. Business school grants are allocated by governmental agencies or in partnership relationship with educators, corporate business personalities and community organizations.