Seven out of total 19 Indian Institutes of Management increased their tuition fees in the last two years with IIM Lucknow hiking it by nearly 30 per cent, Government said today.
HRD Minister Smriti Irani shared data in Lok Sabha providing details on the fee hike. According to it, IIM Ahmedabad and IIM Shillong increased their fees by 5 per cent and IIM Lucknow by 29.6 per cent.
IIM Calcutta hiked its fees by 17.3 per cent, IIM Kozhikhode 23.1, IIM Ranchi 19 and IIM Trichy 20.
“The fees in IIMs is not linked to the fees in other institutions in the country. IIMs are autonomous institutions and are governed by their respective Memorandum of Associations and Rules of the Society which include the fixing of fees and other charges as per provisions contained therein,” Irani said.
“The hike in tution fee has not adversely affected poor and lower class students since institutes extend financial assistance, including upto full tution fee waiver and maintenance allowance, to needy students,” the minister said.