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IIM-A to hike fee by over 100 per cent for PGP programme
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NewsByte on 29 March, 2008 02:58:00
 
Indian Institute of Management Ahmedabad (IIM-A) has decided on Saturday more
than 100 per cent hike in the fees for its post graduate programme from next
academic year.
Till last year, the fee of IIM-A’s PGP programme was Rs 2.50 lakh, which
has been increased to Rs 5.50 lakh for the first year and Rs 6 lakh for the
second year of the two-year post-graduate programme for the batch joining in
June 2008.
This is for the first time that the IIM-A will be charging different fees for
the first and second year in the same programme, sources in the Institute said.
In a signed statement issued by Dr Vijaypat Singhania, Chairman, IIM-A Board of
Governor & Society said, "The Board of IIM-A reviewed the cost structure of the
two year post graduate programme (PGP). After an extensive discussion, the Board
unanimously decided to charge a fee of Rs 5.50 lakhs for the first year of the
PGP and a fee of Rs 6 lakhs for the second year of the PGP programme for the
batch joining in the June 2008."
To counter the massive fee hike, IIM-A has increased its commitment to students
from low income groups. IIM A has decided to triple the annual family income
limit from Rs 2 lakhs to Rs 6 lakhs for a student eligible for financial
support.