NEW DELHI: Students at the Indian Institutes of Technology (IITs) will now pay 80 percent higher fee from this year.
The Indian Institute of Technology (IIT) Council on Monday gave the green signal to hike the annual fee from Rs 50,000 to Rs 90,000 from the year 2013.
However, there will be no fee hike for students belonging to the scheduled castes and tribes.
The Council also decided that 25 percent students belonging to economically backward families whose annual income is less than Rs 450,000 will be given scholarships to cover 100 percent of their expenses.
The announcement was made by Union Human Resources Development (HRD) Minister MM Pallam Raju.
The hike comes after the Kakodkar Committee in 2011 recommended a four-fold raise in the annual fee to Rs 2-2.5 lakh from the current Rs 50,000.
The Kakodkar Committee, which was constituted by the Council of IITs, mooted such a massive hike to make IITs financial independent on the lines of the Indian Institutes of Management (IIMs).
It has also been decided that the fee structure will now be reviewed every year.
Currently, student fee makes up about 20 percent of funding for the IITs, with the rest coming from the government.
The Council said the emphasis should now be on research and external peer review to raise standards.
Other decisions taken by the Council include raising the number of teachers, doctoral students and promoting linkages between IITs and the industry.