IIM Nagpur fees

IIM Nagpur fees

IIM Nagpur, one of the youngest addition to the IIM club, promises the quality associated with IIMs at a fraction of the cost that the more established IIMs charge as fees. The flagship programme, that is, Post Graduate Programme (PGP) in Management is affordable by industry standards and the students also have access to various financing options to make it more convenient for them.

IIM Nagpur Fee Structure (Domestic Students)

The total fees of the Post Graduate Programme in Management is ₹ 11,50,000, covering the tuition fee, accommodation, academic support, welfare and caution deposit. The complete fee structure is given below:

 

Details

Term 1

Term 2

Term 3

Term 4

Term 5

Term 6

Tuition Fee

₹ 1,50,000

₹ 1,50,000

₹ 1,50,000

₹ 1,50,000

₹ 1,50,000

₹ 1,50,000

Hostel & Facility

₹ 20,000

₹ 20,000

₹ 20,000

₹ 20,000

₹ 20,000

₹ 20,000

Academic Support

₹ 17,000

₹ 17,000

₹ 16,000

₹ 17,000

₹ 17,000

₹ 16,000

Welfare

₹  15,000

 

 

₹ 15,000

 

 

Caution Deposit

₹ 10,000

 

 

 

 

 

Total Fee

₹ 2,12,000

₹ 1,87,000

₹ 1,86,000

₹ 2,02,000

₹ 1,87,000

₹ 1,86,000

 

The total fee payable for Term 1 includes a caution deposit of ₹ 10,000, which is refundable and admission acceptance fee of ₹ 50,000, payable at the time of acceptance of admission offer made by the institute to the student.

 

IIM Nagpur Fee Structure (Overseas Students)

The total fee for the Post Graduate Programme in Management for overseas students is as follows:

 

  • USD 20,000 for students who are citizens of SAARC countries (namely Afghanistan, Bangladesh, Bhutan, Nepal, Maldives, Pakistan and Sri Lanka) or citizens of other countries but staying in SAARC countries at the time of admission.
  • USD 30,000 for other students from nonSAARC countries.

Financing Options

To ensure that no deserving candidate, who has been offered admission by the institute, is left out due to paucity of funds, IIM Nagpur provides Special Need Based Scholarships (SNBS), with a provision of fee waiver to eligible students.

 

The institute has its own criteria to determine the eligibility of the students for the scholarship. The credit status and the annual family income of the candidate is taken into consideration. The amount these candidates will receive as part of this scholarship will be determined by their annual family income and value of the movable and immovable assets belonging to the family. The institute keeps aside a certain amount for these scholarships and individual students could expect fee waivers up to an amount of ₹ 7 lakhs based on their financial credentials.

 

In addition to this, the institute also facilitates a number of scholarships, awarded by the Government of India and various state governments, such as:

- Merit Cum Means Scholarship For Professional and Technical Courses CS

  • Scholarships for Top Class Education for students with disabilities
  • Top Class Education Scheme for SC Students
  • National Fellowship and Scholarship for Higher Education of ST Students – Scholarship (Formally Top Class Education   for Schedule Tribe Students) – only for scholarships

 

- Chief Minister Fellowship Yojana (CMFY) – Jarkhand

- Rajarshi Shahu Maharaj Merit Scholarship to SC students – Maharashtra

 

Also, IIM Nagpur students are able to secure convenient education loans on relaxed terms from various public sector and private banks, such as State Bank of India, Punjab National Bank, Axis Bank, HDFC Bank, Yes Bank and so on.

Fee comparison with other institutes

In comparison to other institutes, the fees at IIM Nagpur is not as high. IIM Ahmedabad charges around ₹ 21 lakhs for Post Graduate Programme in Management. IIM Bengaluru charges around ₹ 19.50 lakhs for the same course. Private institutes such as MDI Gurugram (around 18.86 lakhs) and SIBM, Pune (around 18.25 lakhs) are more expensive than IIM Nagpur.

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