Even as the decision of the Indian Institute of Management, Ahmedabad (IIM-A) to implement the almost 190 per cent fee hike for the Post Graduate Programme (PGP) got flak from the HRD ministry, internal calculations done by the institute have revealed that taking into account need-based scholarships, the average fee for a student could be as low as Rs 4.2 lakh per year (Rs 8.4 lakh for two years).
IIM-A has proposed a fee hike from Rs 4 lakh to Rs 11.5 lakh for its two-year PGP this academic year.
Despite the fee hike, for the coming batch, nearly 65 per cent of students are expected to be covered under financial assistance which is expected to bring down revenues from fees for the institute.
IIM-A will implement the Other Backward Classes (OBC) reservation of 6 per cent (17 seats) this year, where the institute is set to offer a certain amount of fee waiver to all OBC students.
By the time the 2010-12 batch commences