<h1>Corporate-funded Rs 1.62 crore MBA scholarship MoU creates enforceable performance-linked obligations and industry-academia collaboration</h1> A corporate group and a premier management institute executed a memorandum of understanding establishing a funded scholarship program to support six MBA students annually, with a total endowment of Rs 1.62 crore over two years payable in two tranches of Rs 81 lakh each conditional on academic performance. The initiative is framed to promote leadership development, industry-academia collaboration and joint research, and included engagement between students and the corporation's senior executives. The agreement creates enforceable funding obligations and performance-linked disbursement criteria, and may give rise to reporting, confidentiality or governance obligations under the MoU.