Fee Structure Overview
The total fee structure for the Retail Management program spans four years and includes multiple components designed to cover educational, residential, and administrative expenses.
| Semester | Tuition Fee (₹) | Hostel Rent (₹) | Mess Advance (₹) | Student Benevolent Fund (₹) | Medical Fees (₹) | Gymkhana Fees (₹) | Examination Fees (₹) | Total (₹) |
|---|---|---|---|---|---|---|---|---|
| 1st | 200000 | 80000 | 40000 | 2000 | 5000 | 2000 | 3000 | 330000 |
| 2nd | 200000 | 80000 | 40000 | 2000 | 5000 | 2000 | 3000 | 330000 |
| 3rd | 200000 | 80000 | 40000 | 2000 | 5000 | 2000 | 3000 | 330000 |
| 4th | 200000 | 80000 | 40000 | 2000 | 5000 | 2000 | 3000 | 330000 |
| Total | 800000 | 320000 | 160000 | 8000 | 20000 | 8000 | 12000 | 1330000 |
Detailed Fee Component Explanation
Tuition Fee: Covers academic instruction, library access, laboratory facilities, and administrative costs. This fee is fixed for the duration of the program.
Hostel Rent: Includes accommodation in shared or single-occupancy rooms with basic amenities such as beds, study tables, wardrobes, and common areas. Facilities include Wi-Fi, laundry services, and 24/7 security.
Mess Advance: Advance payment for meals provided in the campus mess facility, which serves breakfast, lunch, and dinner daily with a varied menu catering to different dietary preferences.
Student Benevolent Fund: A nominal fee contributing to student welfare initiatives including scholarships, health insurance, and emergency support services.
Medical Fees: Covers basic healthcare services available on campus through the medical center, including consultations, diagnostic tests, and prescribed medications.
Gymkhana Fees: Includes access to sports facilities, gymnasiums, recreational activities, and fitness programs offered by the student union.
Examination Fees: Covers costs associated with conducting end-of-semester examinations, including question paper preparation, invigilation, and result processing.
Hostel & Mess Charges
The hostel accommodation is categorized into two types: shared rooms for four students and single rooms for individual occupancy. Shared rooms include a common bathroom, while single rooms have private bathrooms. Room charges are inclusive of utilities and internet connectivity.
Mess billing follows a monthly system where students pay in advance based on their meal preferences. The mess offers vegetarian and non-vegetarian options with seasonal variations to accommodate dietary diversity. Rebate policies are available for students who do not consume meals for specific days or during leave periods.
Fee Waivers, Concessions, and Scholarships
Financial assistance is available through various schemes based on income slabs and other qualifying criteria:
- SC/ST/PwD Category: Full waiver of tuition fee with partial concession in hostel charges.
- EWS Category: 50% waiver in tuition fee and full concession in hostel rent.
- MCM (Minority Community): 25% waiver in tuition fee and concessional hostel charges.
Applications for these schemes must be submitted along with supporting documents such as income certificates, caste certificates, or disability certificates. The application process involves verification by the financial aid committee followed by approval or rejection based on eligibility criteria.
Payment Procedures & Refund Policy
All fees must be paid within 10 days of admission. Late payments incur a penalty of ₹500 per day until full payment is received. Students may opt for installment plans subject to approval by the finance department.
In case of withdrawal, refund policies are as follows:
- Withdrawal before joining: Full refund minus administrative charges.
- Withdrawal after joining but within first month: 90% refund.
- Withdrawal after first month: 75% refund.
Refunds are processed within 30 working days of receiving the withdrawal application, subject to verification of all dues and compliance with institutional policies.