After the staggering fee hike of IITs, the Ministry of Human Resource Development has nodded to the hike in the NITs and IISERs in the country as well. While NITs would hike their fees by 79%, IISER would increase the fee by whooping 127 percent. There are 31 NITs and 6 IISERs in the country at this moment and thousands of students take admission every year in these institutes.
The fees of undergraduate and postgraduate students annually in NITs were previously Rs. 70000 per annum. The parents of students wanting to study in the NITs would now have to shell out whopping Rs. 1.25 lakh per annum as course fee. The fee hike would be applicable to only general category students and there would be no hike from the previous fees for the reserved category students. The BS-MS Dual Degree Programme would now become Rs. 25000 per year from Rs. 11000 every year for the students.
But apart from increasing the fees, the HRD ministry also made some exceptions, making sure everybody in the society could get equal chances in studying at these institutes. The students, who would belong to families with annual income less than Rs. 1 lakh, would be able to acquire free education in the NITs. Those families with annual income of Rs. 5 lakh, could get a waiver of two-thirds in the fees irrespective of their categories for making their children read at the NITs. On similar grounds fees of IITs were increased by the HRD ministry earlier this year from Rs. 90000 to Rs. 2 lakh per annum.