It has been decided to revise the tuition fee in IITs to Rs. Two lakh a year from the academic year 2016-17, subject to the following for protecting the interests of the socially and economically backward students:
(i) The SC/ST/PH students shall get complete fee waiver.
(ii) The most economically backward students (whose family income is less than Rs. One lakh per annum) shall get full remission of the fee.
(iii) The other economically backward students (whose family income is between Rs. One lakh to Rs. Five lakh per annum) shall get remission of 2/3rd of the fee.
(iv) All students shall have access to interest free loan under the Vidyalaxmi scheme for the total portion of the tuition fee payable.
The interests of the socially and economically backward students have been protected adequately, and even furthered in the above dispensation.
This information was given by the Union Human Resource Development Minister, Smt. Smriti Zubin Irani on Thursday (April 28, 2016) in a written reply to a Rajya Sabha question.
