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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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