Established in the year 2007, IIM Shillong or RGIIM is the 7th IIM which is known as one of the best business school in the nation. Named after the former prime minister, Rajiv Gandhi, the institute is set up in the state of Meghalaya under the approval of the Ministry of Development of North Eastern Region (DONER) and the Chief Ministers of States of the region. The institute aims at providing premier quality education and research in the North Eastern region of India. IIM Shillong adopts new and innovative methods of learning in an effort to create unbeatable leaders for an economically and ecologically ideal society. Therefore, the students are provided with an amalgamation of compulsory and elective courses, supplemented by specialized courses on industry sectors.