IIM-A effects steep hike in fees

Ahmedabad, Mar 29 (UNI) Indian Institute of Management-Ahmedabad (IIM-A), the country's premier professional education institution, today announced a vertical hike in its fees for the two years' post graduation programme.

The IIM board, which met here, decided to increase its fee from Rs 2.2 lakh to Rs 5.5 lakh for the first year and from Rs 3.2 lakh to Rs 6 lakh for the second year.

The new fees will be charged for students taking admission in the IIM-A from June-2008.

Chairman of the Board Vijaypath Singhania said an unanimous decision was taken to this effect.

Mr Singhania said the board has also decided to triple the annual family income limit from Rs 2 lakh to Rs 6 lakh for a student to be eligible for financial support.

He said that graded need-based financial assistance would be available to eligible students, who qualify for the financial support.

Earlier in December 2007, the Board had increased the fees from Rs one lakh to Rs 2.2 lakh and Rs 2.2 to Rs 3.2 lakh for students joining the 2008-2010 batches. However, it met with protest from central officials.

UNI MP OBB MIR KN2130