New Delhi: Indian Institute of Management has made a total INR 105 Crore of tuition fees for PGP and PGPX programmes in 2020-21, according to the Education Ministry.
Replying to a question on the fee hike by IIM-A for various management courses in Lok Sabha on Monday, Subhas Sarkar, Minister of State for Education, said that as per the information provided by IIM-A, the total tuition fee in the financial year 2006-07 was Rs 17 crore for 326 students of PGP and PGPX programmes while this was 105 crore for 590 students of PGP and PGPX programmes in 2020-21.
The minister was replying to the questions raised by Manish Tewari, Congress MP from Anandpur Sahib, who had highlighted the issue of the exorbitant rise in fees by IIM-A.
Tewari had asked whether IIM-A fees increased 575 per cent in the last 15 years between 2007 to 2022, while the inflation index growth for the same period has only increased 146 per cent.
He also questioned whether IIM-A invested Rs 1345 crore in government securities, term deposits, etc. in 2001 and the said investments increased by 136 crore in one year alone implying that the tuition fees of Rs 105 crore were collected to be banked.
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