Arjun game for IIM formula

It is evident that Singh wants no confrontation with the directors when they arrive for the meeting. Since he may be in Parliament, the directors will meet both higher education secretary S.C. Tripathi and Singh8217;s trusted lieutenant and new additional secretary, Sudip K. Banerjee.

The IIMs took a decision yesterday to make adequate arrangements such as a need-based scholarship fund to ensure that poor and needy are not deprived of management education.

This found mention in Kalam8217;s speech: 8216;8216;8230;Apart from increasing the supply of loan scholarships and refinance through banks, the Government will put in place institutional mechanisms to provide loans at affordable rates to those who cannot afford the costs of college and university education in science, engineering, medicine and management studies.8217;8217;

Though the IIMs will not come with a uniform fee as had been suggested by the minister too the directors a week ago, the ministry may take a lenient view of the decision on variable fees for the IIMs. And this because though there is no uniform fee, the difference between the most and least expensive IIMs is not more than Rs 30,000.

The government is also willing to extend help to both Indore and Kozhikode IIMs, to ensure they are able to set up their scholarship fund.