Indian Institute of Management (IIM) Amritsar, being mentored by IIM Kozhikode is set to commence classes for its first batch from late July this year.
The institute would offer the Post Graduate Program (PGP) in Management for which it would be selecting up to 65 best students from those who have appeared in the Common Admission Test (CAT) of IIMs and have indicated interest in IIM in Punjab, an official statement said.
Shortlisted students are now invited to confirm their interest on the institutes's website. The admission process is likely to be completed by July 20 and the classes would begin from July end, it added.
The fee for the two-year Post Graduate Program at IIM Amritsar has been fixed at Rs 9 lakh which includes hostel accommodation, books and learning material apart from the tuition fee.
Leading banks would offer financial assistance in the form of educational loans at the terms they generally offer to students admitted in any other IIM, the statement said.
IIM Amritsar's campus is proposed to come up at a site near Manawala on Amritsar-Jalandhar GT Road in 60 acres of flatland.
While it may take about 2-3 years before the infrastructure and campus is setup and ready for use, the institute would begin operating from the Punjab Institute of Technology located in the Government Polytechnic College, Amritsar compound till its own campus is ready to use.
IIM Kozhikode would develop the program and put together systems and process to lay a strong foundation in building of another great institution of professional learning.
The government had last week cleared a proposal for the setting up of six new IIMs in the country, which will start offering courses from the coming academic session itself.
Besides Amritsar, the new IIMs will be located at Visakhapatnam (Andhra Pradesh), Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra) and Sambalpur (Odisha).