IIM-Lucknow to increase fee by Rs 1.5 lakh a year

After IIM Ahmedabad and IIM Bangalore, the IIM Lucknow has decided to increase the fee of its Post Graduate Programme in Management (PGPM) by Rs 1.5 lakh per annum from the coming academic session.  

"We will increase the fee from Rs 2.5 lakh per annum at present to Rs four lakh per year from 2009-10 academic session. The fee will be Rs four lakh each year during the two-year programme," IIM Lucknow Director Prof Devi Singh told PTI.  

Singh said that the hike is need-based and would help the institute strengthen its financial health to meet the expenditure which has gone up significantly in the recent years.  

"The hike is cost-based. But while increasing the fee, we will also take care of the poor and meritorious students by giving them financial support," he said.  

The institute has been giving financial aid to about 100 students every year, he said.  "The facility will continue this year also. We will ensure that no poor and meritorious student fails to get education at IIM Lucknow just because he or she is poor," Singh said.