Top Seven IITs To Decide their Own Fee Structure – IITs may soon decide their own fee structure
Indian Institutes of Technology IITs which is a Premier Engineering Institutes in India will Soon be allowed to Decide and Fix the Fee Structure for Various Under Graduate and Post Graduate Programs Offered in IITs. All Students who are aspiring for Admissions to B.E. / B.Tech Engineering Programs Offered in IITs are hereby informed that the IITs are likely to be allowed to set their own fee structure without consulting the apex council which governs these premier institutes.
Part of a larger project called – Vishwajeet, the move will assist IITs in improving their global university rankings. In 2016, none of the IITs featured in the Top 200 of the prestigious Times Higher Education World University Ranking except for IIT Bombay which made a single entry in the 351-400 rankings. In order to Enhance the Autonomy of Institutes the Board had Decided to Leave the Fee Decision to that Institutes Only.
Presently IIT Council which will contain the IIT Directors and Board Governors of All IITs chaired by the Human Resource Development Minister will Decide the Fee Structure for Various Courses Offered at IITs. IIT Bhilai, IIT Madras, IIT Delhi, IIT Dhanbad, IIT Dharwad, IIT Goa, IIT Guwahati, IIT Jammu, IIT Kanpur, IIT Kharagpur, IIT Bombay, IIT Roorkee, IIT Bhubaneswar, IIT Gandhinagar, IIT Hyderabad, IIT Indore, IIT Jodhpur, IIT Mandi, IIT Palakkad, IIT Patna, IIT Ropar, IIT Tirupati and IIT Varanasi will have New Fee Structure which will be Notified after Fixing.
Former HRD Minister Smriti Irani announced in the Month of April about the Annual fees hike for UG courses in IITs from existing Rs 90,000 to Rs 2 lakh for General Category Students. This rise of annual fees which will be a 122 % for new enrollments Students who are applying for this Academic Session 2017 – 2018. Also MHRD had Facilitated Full Fee Waiver for differently-abled Students, SC Candidates, ST Candidates and General Candidates whose Annual Income is Less than 1 Lakh Per Annum.