To meet burden arising out of pay panel report, increase in input costs
New fees applicable to students securing admission in 2010
Decision taken at extended meeting of governing council
AHMEDABAD: The Indian Institute of Management, Ahmedabad, has raised the fees by Rs.1 lakh for the two-year postgraduate programme (PGP) in management. The students will have to pay Rs.50,000 more in fees in each of the two years.
The new fees will be applicable only for the students securing admission from the 2010 academic year. The students for the 2009-11 batch, to be admitted in June this year, will pay the existing fees, a spokesperson of the IIM-A said.
The fees for the first-year, from the 2010-12 batch, would be increased to Rs.6 lakh from Rs.5.5 lakh and in the second year to Rs.6.5 lakh from Rs.6 lakh.
The decision to hike the fees was taken at the “extended” meeting of the IIM-A governing council held here on Sunday.
The council, which met on Saturday just before the annual convocation as per the convention followed by the IIM-A for years, could not complete the agenda, the spokesperson said.
An indication about the fee revision was given by IIM-A Director Samir Barua earlier in view of the additional burden the institution would have to face due to the implementation of the recommendations of the Sixth Pay Commission, besides the increase in the input costs in imparting quality education. Dr. Barua also pointed out that in the earlier fee revision — in which fee was raised from Rs. 2.5 lakh to Rs. 5.5 lakh in the first year and to Rs.6 lakh in the second year and which was implemented from the 2008-10 PGP batch — the IIM-A suffered a notional loss of about Rs.5 crore because of the concessions granted to various categories of students.
He pointed out that under the IIM-A’s need-based fee structure programme, to ensure that the qualified students were not denied admission only on the grounds of poor family background, as many as 21 students in the 2008 batch were granted total exemption .
Concessions to stay
The need-based fee structure to grant concessions to students whose family income was less than Rs.6 lakh a year and the structure applicable for the reservation categories as per the government rules would continue in the coming years also, the spokesperson said.