The Indian Institute of Technology (IIT) is contemplating to increase their tuition fee for B.Tech programmes by 150 per cent from Rs 90,000 to Rs 2.5 lakh per year. The hike was proposed by the IIT Council.
According to reports, the council may receive the approval of Union Human Resource Development minister Smriti Irani on Tuesday in a meeting in Mumbai.
The decision to hike the fee is likely to be taken to recover the recurring cost such as labs, equipment, staff salary, housekeeping, water and electricity of institute from the students. This hike will be the steepest hike in past few years.
IITs are highly subsidised by the government. While the cost of a graduating student from IIT cost around Rs 3.5 lakh every year including the lodging, the students pay Rs 90,000 per annum.
Earlier, in 2008, IIT fees were raised from Rs 25,000 to 50,000 and again to Rs 90,000 in 2013.
However, the students belonging to scheduled caste and scheduled tribe which accounts for 22 per cent of the total strength and students belonging to economically weaker section required to pay only 10% of the fee.