IIM Ahmedabad increased the fee from Rs 5 lakh to Rs 11.5 lakh

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April 15, 2008

Planning Commission Deputy Chairman Mr. Montek Singh Ahluwalia welcomed the trek in fee by the IIMs and said that easy loans should be making easy to make education more reasonable in these institutes. Banks can you hear!!!!

“What is significant is that there should be loans. Any student that can get into IIMs should be able to finance his learning through a loan”, Ahluwalia said on the sidelines of a conference to release the report of the High-Level committee on services sector.

Ahluwalia said he was told that the institutes have also introduced generous scholarships, adding, “It is not clear to me that the government should be subsidising that (IIM) kind of education”.

The IIMs had decided to increase fees for their two-year post-graduate programmes. IIM Ahmedabad increased the fee from Rs 5 lakh for both the years of the course to Rs 11.5 lakh, while IIM Bangalore had resolute to increase the fee to Rs 9 lakh from Rs 5 lakh. IIM Kolkata had similarly decided to increase the fee to Rs 6 lakh for the entire course from Rs Rs 3.75 lakh at present and similarly IIM Kozhikode decided to increase the fee to Rs 6 lakh for the two-year programme from Rs 3.85 lakh.

Human Resource Development Minister Arjun Singh had reportedly asked IIM Ahmedabad Governing Council Chairman Vijaypat Singhania to put in plain words the ‘unwarranted tripling of the fees’.

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