IIM Ahmedabad recently announced after its board meeting that the fees for the two year course would increase by 300 percent. Now students will have to pay Rs 11.5 lakh for a two-year course, compared to the earlier fee of Rs 4.5 lakh.
The institute has softened the blow by raising the income limit for giving financial support to students. Earlier students were considered for support only if the family income was two lakh rupees. But now that has been raised to six lakh rupees.
The Centre and the Gujarat government have opposed the steep hike, saying it would set a precedent for other IIMs. A week ago, IIM-Bangalore had also proposed to hike its fee by 75 per cent, but it was not approved by the Centre.
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