The Board of Governors of the Indian Insititute of Management, Ahmedabad (IIMA) met here yesterday and approved a 7.7 percent in hike in the fees for its flagship Post Graduate Programme in Management and Post Graduate Programme in Food and Agri-Business Management to Rs. 21 lakh.
"This fee covers costs associated with tuition, accommodation, course material, library, placement services, and IT resources," a press release from IIMA said.
Both programmes are two-year courses and, at the increased level, the fees would work out to Rs. 10.5 lakh per year.
"General inflation and Seventh Pay Commission implementation exert an upward push on cost of programme delivery. The Institute is committed to striving for efficiency in its operations. As the most liberal among Indian management institutions by far in financial aid disbursements (in 2016-17, one-third of our students received financial aid), IIMA is also committed to ensuring that no capable candidate is denied entry for reason of lacking financial wherewithal," the release added.
IIMA had increased the fees for these programmes to Rs. 19.5 lakh from Rs. 18.5 lakh last April.