Along with cracking the competitive exam, the students appearing for JEE 2016 have now a new hitch to worry about. This academic session, the annual fees for all the undergraduate courses in all 23 branches of the Indian Institute of Technology (IIT) has been raised from Rs. 90,000 to Rs. 2 Lakh for General Category candidates.
There will be total fee exemption for SCs and STs, the differently-abled and those belonging to economically weaker sections.
An IIT panel, Standing Committee of IIT Council ( SCIC), proposed for a three-fold fee hike, from Rs 90,000 to Rs 3 lakh per annum, and sent it to the HRD ministry for approval, though the Ministry of Human Resource Development officials approved it to be hiked for Rs. 2 Lakh.
Confirming the development, a senior official at HRD Ministry said: “The fee for all IITs has been increased from Rs. 90,000 to Rs. 2 lakh. The official announcement in this regard will come out on Friday (8th April 2016).”
Key Things To Know
Candidates, whose family annual income is less than Rs. 1 lakh will avail 100 per cent fees exemption, along with those belonging to Scheduled Castes (SC) and Scheduled Tribes (ST), Dalits and the differently-abled.
The benefit will not be limited to SC, ST and Dalit categories. Irrespective of their category, students with family income of less than Rs. 5 Lakh will get an exemption of two-third amount of the course fees.
The officials also informed that students who do not fall under any of these categories will be eligible to avail educational loans.
IIT students, who are already studying will continue to pay as per the old fees structure. This new fee slab will be applicable from this academic session.