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Grant, 100% finance as education loan to soften IIM-A fee hike

Education grant, 100% finance as education loan to soften IIM-A fee hike

Apnaloan.com Research Bureau

02 Apr 2008

After raising its fee for the Post-Graduate Programme in Management (PGPM) by nearly 200 per cent, the IIM-Ahmedabad (IIM-A) relaxed the criteria for institutional grants and tie-up with banks to provide 100 per cent finance.

IIM-B hiked its fees from Rs. 2.5 lakh to Rs. 4 lakh and IIM-A hiked its fee from Rs. 2 lakh to Rs. 5.5 lakh for the first year and Rs. 6 lakh for the second year.

Banks such as The State Bank of India, Allahabad Bank and Indian Bank provide education loans to those in the campus.

The institute has also hiked its PGPX course fee from Rs. 10 lakh to Rs. 14 lakh and now charges Rs. 1 lakh per day as consultancy fee for faculty service.

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