In a first of its kind decision,the Indian Institute of Management (IIM) Lucknow has decided to reduce its fee for the postgraduate programme in management by 10 per cent for the academic years 2013-15,IIM Lucknow Director Dr Devi Singh said on Friday.
The fee for courses including postgraduate programmes will cost students Rs 10.8 lakh for the current academic year rather than Rs 12 lakh.
<The director that the institute had been successful in broad-basing our revenue sources and no more relied on government grants. He said the reduction in fee would not mean reduction in quality of education,infrastructure or any other service in the institute. This is the first time such a decision has been taken in any IIM across the country and is a reversal trend,whereas generally only an upward revision is seen in the fees,IIM-L said in a statement. On the occasion,Dr JJ Irani,chairman of IIM Lucknow Board of Governors,said that whereas education is becoming costlier,IIM Lucknows decision would not only help needy students undertake education at the institution,it will also widen the area of selection among eligible students for studying at IIM.