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Press Release |
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April 1, 2010 |
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IIM Indore –
Revised fee and Need Based Financial Assistance
for batch 2010-12 |
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| Fee
for the PGP 2010-12 batch has been increased marginally to Rs.5 lakh
per year from Rs.4 lakh of the previous batch (2009-11). This
includes tuition fee and hostel charges (excluding boarding). |
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| To
mitigate the financial difficulty for economically weaker students,
the institute gives generous Need Based Financial Assistance (NBFA)
to PGP students under which, the students get fee waiver based on
annual family income as follows: |
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if family income is less than Rs.1.5
lakh: full fee waiver, |
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if family income is between Rs.1.5
lakh and Rs.3.0 lakh: 100% tuition fee waiver and, |
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if family income is between Rs.3.0
lakh and Rs.4.5 lakh : 50% tuition fee waiver. |
| IIM
Indore has spent approximately Rs.1 crore during FY 2009-10 on such
fee waivers and has budgeted Rs.4 crore for the FY 2010-11. Actual
disbursements will depend on the claims. Institute has constituted a
committee to administer NBFA scheme. |
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| Fee
for one-year Executive PGP (EPGP) has been revised marginally to
Rs.18 lakh (inclusive of fee and boarding charges) for the AY
2010-11 from Rs.15 lakh during AY 2009-10. |
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