Fees
The fee structure for the Bachelor of Business Administration program at Ajay Kumar Garg Institute of Management is designed to be transparent, fair, and affordable. The institute ensures that quality education is accessible to deserving students through various financial support mechanisms.
Fee Structure Overview
The total cost for the entire four-year program is approximately ₹524,000, distributed across eight semesters:
| Component | First Semester | Second Semester | Third Semester | Fourth Semester | Total (4 Years) |
|---|---|---|---|---|---|
| Tuition Fee | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹280,000 |
| Hostel Rent | ₹35,000 | ₹35,000 | ₹35,000 | ₹35,000 | ₹140,000 |
| Mess Advance | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹80,000 |
| Student Benevolent Fund | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹4,000 |
| Medical Fees | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹6,000 |
| Gymkhana Fees | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹8,000 |
| Examination Fees | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹6,000 |
| Total | ₹131,000 | ₹131,000 | ₹131,000 | ₹131,000 | ₹524,000 |
Detailed Fee Components
Each component of the fee structure serves a specific purpose in supporting student education and campus life:
- Tuition Fee: Covers instruction, access to digital resources, library services, and academic support. This fee ensures that students receive high-quality education from experienced faculty members.
- Hostel Rent: Provides accommodation in well-maintained dormitories with modern amenities including Wi-Fi, laundry facilities, and recreational spaces. The hostel environment promotes a conducive learning atmosphere and social interaction among students.
- Mess Advance: Collected upfront to cover meal expenses during the semester. The mess billing system is transparent and automated, allowing students to track their consumption and make adjustments accordingly.
- Student Benevolent Fund: Supports students facing financial hardships or emergencies. Contributions help fund scholarships, medical aid, and other forms of assistance for students in need.
- Medical Fees: Covers basic healthcare services provided by the on-campus clinic and emergency medical assistance. This ensures that students have access to timely medical care without additional burdens.
- Gymkhana Fees: Contributes towards sports activities, fitness programs, and campus events. These fees support student engagement in extracurricular pursuits and promote a healthy lifestyle.
- Examination Fees: Covers administrative costs associated with conducting tests and grading processes. This ensures fair and standardized evaluation of student performance.
Hostel & Mess Charges
The hostel facilities are designed to provide a comfortable living environment for students:
- Room Types: Hostels offer single, double, and triple occupancy rooms with shared bathrooms. All rooms are equipped with study tables, wardrobes, and air conditioning units.
- Mess Billing System: The mess charges are calculated based on the number of meals consumed during the semester. Students can monitor their consumption through an online portal and adjust their advance payments accordingly.
- Rebate Policies: Students who do not consume meals for a specified period may be eligible for partial rebates, subject to approval from the hostel authorities.
- Other Expenses: Additional expenses include laundry charges, internet connection fees, and utility bills which are billed separately.
Fee Waivers, Concessions, and Scholarships
Financial assistance is available to students from economically disadvantaged backgrounds through various waiver and scholarship programs:
- Eligibility Criteria: Students belonging to SC/ST/PwD, EWS, and MCM categories are eligible for fee waivers based on income slabs and academic performance. Income slabs vary by category and must be verified through official documents.
- Benefits: Waivers typically cover tuition fees, hostel charges, and mess fees. Some scholarships also provide additional allowances for books, stationery, and travel expenses.
- Application Process: Applications must be submitted along with supporting documents such as income certificates, caste certificates (if applicable), disability certificates (for PwD students), and academic transcripts within specified deadlines.
Payment Procedures & Refund Policy
The payment procedures are straightforward and accessible:
- Online Transactions: Students can make payments through the institute portal using debit cards, credit cards, or net banking facilities. All transactions are secure and recorded in real-time.
- Bank Transfers: For those preferring bank transfers, detailed instructions are provided on the official website to ensure smooth processing of fees.
- Late Fee Calculations: A late fee of 1% per month is charged on outstanding balances beyond the due date. This encourages timely payment and maintains financial discipline among students.
- Refund Policy: Refunds are processed upon withdrawal, transfer, or cancellation of admission, subject to adherence to formal procedures and submission of required documentation. The refund process usually takes 2-3 months after approval.