In order to inspire students to study at the prestigious Indian Institute of Management (IIM), IIM-Lucknow has set an example by reducing the fee for its flagship post-graduate programmes in management and agri-business for the academic year 2013-2015.
Devi Singh, the director of IIM-Lucknow, confirmed that the fees were being slashed by 10 percent.
With that kind of a reduction, the management programme will now cost students Rs 10.8 lakh instead of the current Rs 12 lakh, reports a leading news agency.
According to officials, the fee for the same course is Rs.17 lakh at IIM Bangalore and Rs.16.6 lakh at IIM Ahmedabad. Since 2011, IIM Lucknow has not hiked any fee.
"In the last nine years, the institute's impetus has been on efficient financial management and broad-basing our revenue sources. We have been successful in achieving this," Singh said.
J.J. Irani, chairman of IIM Lucknow's board of governors, said: "In today's environment, when education is becoming costlier, IIM Lucknow would like to take a lead. This decision will help many needy students to undertake education at institutions like ours."
Related Links:
IIM Indore Invites Application for Admission to Executive PG Programme in Management 2013
IIM-Indore to conduct CAT 2013
Agri-Business Programme Offered By IIM-A Rated No.1 For The Second Time
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