IIM fees increase fees 11.5 Lakhs

Posted by arnold

April 29, 2008

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

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

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

The IIMs had decided to boost 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 decided to add to the fee to Rs 9 lakh from Rs 5 lakh. IIM Kolkata had likewise 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 resolute to improve the fee to Rs 6 lakh for the two-year programme from Rs 3.85 lakh.

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

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