A post-graduate programme from IIM Lucknow will become a costlier affair. After the Indian Institutes of Management (IIMs) in Bangalore and Indore, IIM-Lucknow has also decided to hike its fees by Rs 25,000 from the coming academic session.
The fees for the institute's post-graduate programme would be increased to Rs two lakh from the present Rs 1.75 lakh, said IIM-L Director Prof Devi Singh today.
"This will come into effect from the coming academic session," he said.
The IIMs in Bangalore and Indore have already hiked their fees for the post-graduate programme and IIM-Ahmedabad is likely to follow suit after its board meeting on March 31.
IIM-Bangalore raised its fees for the postgraduate programme in management by Rs 75,000 to Rs 2.5 lakh, while IIM-Indore hiked the fees from Rs 1.50 lakh to Rs 1.90 lakh from the coming academic session.
IIM-L will also add 147 seats over the next three years, with the additional infrastructure expected to cost around Rs 43 crore, to implement reservation for OBCs, Singh said.
Increasing the number of seats in a phase-wise manner, the institute will add 45 seats in 2007-08, followed by 55 seats in 2008-09 and 47 seats the year after that.
He said the additional infrastructure needed to implement the reservation would cost around Rs 43 crore. "We are spending the money for enhancing facilities such as classrooms, auditorium and hostels. We have already started work on building a hostel in our campus in Lucknow," he said.