IIT Fees Upped To Rs 2 lakh From Rs 90,000
Claiming to be spending an average of Rs 6 lakh per year on each student in the IITs, the Government has announced an upward revision in fees to Rs 2 lakh from the present Rs 90,000. This was based on the report of the Committee on funding of IITs and the recommendations of SCIC for revision of annual fee in IITs to Rs 3 lakhs per year. But, the government claims “Keeping in view the interests of the students, proposed hike is denied. Instead, it has been proposed that the increase is capped at Rs.2 lakh per annum”.
Incidentally, the increase in fee safeguards the interests of the socially and economically backward students. SC/ST and Differently abled students shall continue to get complete fee waiver. The most economically backward students (whose family income is less than Rs.1 lakh per annum) shall get full remission of the fee.
Even other economically backward students (whose family income is between Rs.1 lakh to Rs.5 lakh per annum) shall get remission of 2/3rd of the fee. Moreover, all students shall have access to interest free loan under the ‘Vidya Lakshmi Scheme’ for the total portion of the tuition fee payable.
Further, all IITs have been asked to use the increased student fee for infrastructure development with the assistance of funds from the Higher Education Funding Agency (HEFA) so that the increased fee directly translates into better infrastructure for the students. As per orders issued, the matter will be placed in next meeting of the IIT Council for ratification.