Fee and Financial Aid
All selected Indian students will be considered for the award of the IMI fellowship. In addition to this, all selected Indian students are exempted from tuition fees. They will also get free books and course material for the first two years. The fellowship provides a monthly fellowship of Rs.25,000/- during the first two years and Rs. 30,000/- during third year and the fourth year respectively. The Fellowship amount is paid at the end of successful completion of each term for the first two years. The maximum duration of the programme for availing fellowship is four years. The IMI fellowship holders are also eligible to get liberal grant for buying book/hardware/software etc. (Contingency grant-maximum Rs. 30,000 per annum (for third year and fourth year) on production of receipts). Please note, all payment (contingency grant) requests are to be recommended by the concerned supervisor and approved by Dean (FPM & Research). The Dean (FPM & Research) should approve all payment requests during the period of course work. The students are also encouraged to present research papers in national and international conferences. However, IMI grant will be limited upto a maximum of two national conferences and one international conference provided they have cleared their comprehensive examination. Financial support up to a maximum of Rs. 1.5 lakh would be available for this purpose.
NRI and foreign candidates are not eligible for fellowship and would be required to pay Rs. 3.56 lakh per year for the first two years (2015-16) and (2016-17) which includes tuition fee, text books/reading material, student welfare and library fee. No fee would be charged after successful completion of the first two years. However, they will be eligible to avail IMI grant for attending conferences subject to the same rules as other FPM students.
For JRF/SRF, no fees would be charged and also books/course material required for the course work would be made available free of charge. In addition, if the contingency grant is not available to the JRF/SRF, they may avail the same from IMI. They are entitled to avail IMI grant for presenting papers at conferences subject to the same rules as for students with IMI Fellowship.
A lifetime non-refundable Alumni fee of Rs. 12000 and a refundable security deposit of Rs. 75000 is charged from every candidate at the time of admission. The security deposit of Rs.75000 is refunded only after completion of the programme. The security amount will be forfeited if a candidate fails to complete the programme.