IIM-Calcutta hikes fee to Rs 9 lakh

The IIM-Calcutta has more than doubled its fees to Rs 9 lakh for over 400 students for the 2009-11 academic session.

The Indian Institute of Management,Calcutta (IIM-C) has more than doubled its fees to Rs 9 lakh for over 400 students for the 2009-11 academic session,while doubling the scholarship fund from Rs 75 lakh to Rs 1.50 crore per year.

The fee hike,decided at the IIM-C Board of Governors meeting on Friday,is more than double than the fees paid by students passing out in the 2008-10 session,a spokesman of the IIM-C said in Kolkata on Saturday.

Stating that almost all IIMs had hiked fees,he said IIM-C fees are still lower than IIM-Ahmedabad’s that are Rs 11 lakh and IIM-Bangalore Rs 9.5 lakh. The spokesman said that IIM-C spent Rs 4 lakh per student every year.

The meeting also decided to raise the need-based scholarship fund from Rs 75 lakh to Rs 1.50 crore,he said. To a question,he said that the Board of Governors discussed the Bhargava Committee report,particularly in respect of appointing a pan-IIM Board.

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