Fee Structure for MBA Program
The total cost of pursuing an MBA at Gyanmanjari Innovative University Bhavnagar includes various components such as tuition fees, hostel charges, mess advance, and other miscellaneous expenses. The following table outlines the detailed fee structure:
| Component | Semester-wise Cost (₹) |
|---|---|
| Tuition Fee | 300000 |
| Hostel Rent | 75000 |
| Mess Advance | 60000 |
| Student Benevolent Fund | 10000 |
| Medical Fees | 5000 |
| Gymkhana Fees | 3000 |
| Examination Fees | 8000 |
| Total Annual Cost (₹) | 461000 |
Detailed Fee Components
Tuition Fee: Covers the cost of instruction, course materials, and access to digital resources. It is non-refundable after the first month.
Hostel Rent: Includes accommodation in a shared or private room depending on availability and preference. The hostel facilities include Wi-Fi, laundry services, and 24/7 security.
Mess Advance: Prepaid monthly mess charges covering meals for the entire semester. Students can adjust their advance based on actual consumption at the end of the semester.
Student Benevolent Fund: A contribution towards maintaining campus infrastructure and supporting student welfare initiatives.
Medical Fees: Covers basic healthcare services provided within the campus medical center.
Gymkhana Fees: Supports extracurricular activities, sports facilities, and cultural events organized by the university.
Examination Fees: Covers the cost of conducting internal assessments and final examinations.
Hostel & Mess Charges
The hostel provides comfortable living arrangements with options for single or double occupancy rooms. Students can choose between AC and non-AC rooms, depending on availability and preferences.
Mess charges are calculated based on meal consumption and adjusted at the end of each semester. Rebate policies are available for students who opt out of mess services during certain periods.
Fee Waivers, Concessions, and Scholarships
The university offers financial assistance to eligible students through various schemes:
- SC/ST/PwD Category: 100% waiver on tuition fees and a 50% rebate on hostel charges.
- EWS Category: 50% waiver on tuition fees and a 25% rebate on hostel charges.
- MCM (Minority Community): 30% waiver on tuition fees and a 10% rebate on hostel charges.
Eligibility criteria are based on income slabs as defined by the government. Applications must be submitted along with supporting documents like caste certificates, income proof, and residence proofs.
Payment Procedures & Refund Policy
Fees must be paid online via net banking or credit/debit cards. Late payments attract a penalty of ₹500 per day until the dues are cleared. Students can request refunds under specific conditions:
- Withdrawal from the program before the end of the first semester.
- Transfer to another university within 30 days of admission.
Refunds are processed within 45 working days after the formal application is submitted. Any discrepancies in billing will be resolved upon review by the finance department.