Fee Structure Overview
The total fee for the B.Tech in Retail Management program at Asbm University Bhubaneswar is structured into several components, covering tuition, accommodation, meals, and miscellaneous expenses. The fee structure is updated annually to reflect changes in inflation and operational costs.
| Fee Component | Per Semester (₹) | Total Duration (₹) |
|---|---|---|
| Tuition Fee | 120000 | 480000 |
| Hostel Rent | 15000 | 60000 |
| Mess Advance | 10000 | 40000 |
| Student Benevolent Fund | 2000 | 8000 |
| Medical Fees | 3000 | 12000 |
| Gymkhana Fees | 1000 | 4000 |
| Examination Fees | 2000 | 8000 |
| Total Annual Fee | 153000 | 612000 |
Detailed Breakdown of Each Component
Tuition Fee: The tuition fee covers instruction, access to academic resources, library services, and administrative support. It is divided into two semesters and reflects the quality of faculty, infrastructure, and curriculum development.
Hostel Rent: Accommodation charges vary based on room type—single, double, triple, or quad occupancy. The university provides modern dormitories with attached washrooms, air conditioning, Wi-Fi connectivity, and 24/7 security services.
Mess Advance: Students must pay an advance for meals during the semester. The mess bill is calculated monthly based on consumption, and any excess or deficit is adjusted accordingly at the end of the term.
Student Benevolent Fund: This fund supports students facing financial hardships, medical emergencies, or other unforeseen circumstances. Contributions are minimal but essential for creating a supportive campus environment.
Medical Fees: Covers access to on-campus health services, emergency care, and basic medical supplies. The university maintains partnerships with nearby hospitals for specialized treatments when required.
Gymkhana Fees: These fees support extracurricular activities, sports facilities, cultural events, and student clubs. They ensure that students have access to recreational amenities and opportunities for holistic development.
Examination Fees: Covers costs associated with conducting examinations, evaluating answer scripts, maintaining records, and issuing certificates. The fee is charged per semester and includes internal assessments and final exams.
Hostel & Mess Charges
The hostel facilities at Asbm University Bhubaneswar are designed to provide a comfortable living environment for students. Rooms come in various configurations—single, double, triple, and quad occupancy—with shared bathrooms and common areas.
Mess charges are fixed per month and depend on the meal plan chosen by the student. The university offers three types of plans: Standard (breakfast, lunch, dinner), Premium (includes snacks and beverages), and Custom (flexible option for dietary restrictions).
Rebate policies allow students to receive partial refunds if they stay home during certain periods or if they do not consume meals regularly. Applications for rebates must be submitted before the start of the semester and reviewed by the hostel administration.
Fee Waivers, Concessions, and Scholarships
The university offers several financial aid options to support deserving students from economically disadvantaged backgrounds:
- SC/ST/PwD Category: Students belonging to these categories are eligible for a 50% fee waiver on tuition, hostel rent, and mess charges.
- EWS Category: A 25% concession is available for students from economically weaker sections.
- MCM (Minority Community): Students from minority communities receive a 10% reduction in fees.
Eligibility criteria are based on income slabs, caste certificates, and family size. Applications must be submitted along with supporting documents such as income certificates, domicile proofs, and Aadhaar cards. The university has a dedicated scholarship committee that reviews applications and disburses benefits accordingly.
Payment Procedures & Refund Policy
All fee payments must be made online through the university portal using secure payment gateways. Deadlines for each installment are strictly enforced to avoid late fees or disqualification from classes.
Late fees are calculated at 2% per month on outstanding balances, with a maximum cap of ₹5000. Refunds are processed only after verification of documents and approval from the finance department.
In case of withdrawal from the program, students must submit a formal application along with reasons for withdrawal. Refund policies are as follows:
- Withdrawal before 15 days of commencement: Full refund minus ₹2000 processing fee
- Withdrawal between 15-30 days: Refund after deducting 20% of total fees
- Withdrawal after 30 days: No refund
The university ensures transparency in all financial transactions and provides detailed receipts for every payment made by students.