Indian Institute of Technology (IITs) is all set to increase the yearly fees by 80% for undergraduate courses. The fees will be increased to RS 90,000 annually from Rs 50,000. The final decision will be taken by the IIT Council on Monday. This hike was recommended by IIT Standing Committee.
A government panel has recommended to increase the fees to Rs 2 - 2.5 lacs yearly. HRD Ministry has supported the idea to increase the fees of IITs to match those of Indian Institute of Management (IIMs). IIMs presently charge around 3 times that of IITs.
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