The Indian Institutes of Technology (IITs) have decided
to increase the annual fee for undergraduate courses by 80 per cent —
from the existing Rs 50,000 to Rs 90,000 — from the new academic
session.
The revised fee will be applicable only to
the 2013 entrants. However, no tuition and hostel fee will be charged
from the students belonging to the Scheduled Castes and Scheduled Tribes
categories. Further, IITs will continue with the practice of giving 100
per cent scholarships to students whose parents’ annual income is less
than Rs. 4.5 lakh. Some 25 per cent of the total students typically
benefit from this.
Announcing the hike here on
Monday after the IIT Council meeting, Human Resource Development
Minister M.M. Pallam Raju said this had been done to make the IITs
financially sustainable, if not profitable. The fee structure would be
reviewed every year, he said.
The last fee hike had been done in the 2008-09 academic session when the annual fee was revised from Rs 25,000 to Rs 50,000.
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