Indian Institute of Management (IIM) Raipur Fees Structure – A Complete Guide
Introduction
The Indian Institute of Management Raipur (IIM Raipur), established in 2010, has quickly emerged as a top-tier business school in India. Known for its academic rigor, faculty excellence, and stellar placements, IIM Raipur attracts thousands of aspirants every year who are keen on advancing their careers in business management, strategy, finance, and entrepreneurship. While the quality of education and exposure is among the best, understanding the fee structure is a critical factor for students and parents planning finances.
In this detailed guide, we break down all components of the fee structure at IIM Raipur for various programs including:
Post Graduate Program in Management (PGP)
Executive Post Graduate Program (EPGP)
Fellow Programme in Management (FPM)
Executive Fellow Programme in Management (EFPM)
Certificate and short-term programs
We'll also cover hostel fees, mess charges, security deposits, loan options, financial aid, and FAQs to give you a clear picture of the total cost of studying at IIM Raipur.
Why Understanding Fees at IIM Raipur Is Important
Before we dive into the details, here’s why it's important to understand the fee structure:
Helps with financial planning and budgeting.
Ensures timely payments and avoids penalties.
Allows comparison with other B-schools.
Enables better decision-making for loans, scholarships, or financial aid.
1. Post Graduate Program in Management (PGP)
The PGP is the flagship two-year full-time residential program at IIM Raipur. It is equivalent to an MBA and is among the most competitive management programs in India.
Total Fees (2024–2026 Batch)
The total fee for the PGP program is approximately ₹18.50 to ₹20 lakhs for the entire two-year course, subject to revision.
Fee Breakdown (Tentative):
Component | Amount (INR) |
|---|---|
Tuition Fee | ₹12,00,000 |
Library Fee | ₹50,000 |
IT & Computer Charges | ₹30,000 |
Student Activity Fee | ₹30,000 |
Hostel Room Charges (2 years) | ₹1,50,000 |
Mess Charges (Advance) | ₹1,20,000 |
Medical Insurance & Health Cover | ₹15,000 |
Caution Deposit (Refundable) | ₹30,000 |
Alumni Fee | ₹10,000 |
Examination Fee | ₹15,000 |
Total (Approximate) | ₹18.50 – ₹20 Lakhs |
Note: The actual fee may vary slightly every academic year based on inflation and board decisions.
Payment Schedule
Fees are typically paid in six terms, divided evenly across two years. Payment is required at the beginning of each term.
2. Executive Post Graduate Programme (EPGP)
The Executive MBA or EPGP is designed for mid-career professionals who wish to advance their leadership and business skills.
Duration: 2 years (Online + Campus Immersion)
Total Fees: ₹12 – ₹14 lakhs (for 2024–2026 batch)
Fee Components:
Tuition and academic delivery: ₹10,00,000
Technology and digital access fee: ₹75,000
On-campus immersion fees: ₹1,00,000
Library and resource usage: ₹50,000
Examination and certification: ₹50,000
Mode of Payment:
The fee is collected in multiple installments, and candidates can opt for educational loan facilities or sponsorship by their employers.
3. Fellow Programme in Management (FPM)
This is a doctoral-level program for scholars interested in academic and research careers.
Duration: 4–5 years
Tuition and Other Academic Fees:
Component | Amount (INR) |
|---|---|
Tuition Fee | Waived (Fully funded) |
Library, IT, Hostel Charges | Waived |
Contingency Grant | ₹40,000 per year |
Conference Grant (total) | Up to ₹1.5 lakhs |
Laptop Grant (one-time) | ₹50,000 |
Monthly Stipend (Years 1–2) | ₹35,000 |
Monthly Stipend (Years 3–4) | ₹40,000 |
Total Cost to Student:
Zero, as FPM students are fully supported financially by IIM Raipur.
4. Executive Fellow Programme in Management (EFPM)
This program is designed for working professionals pursuing research.
Duration: 4 years (extendable)
Total Program Fee: ₹8 – ₹10 lakhs
Fee Structure:
Registration Fee: ₹50,000
Yearly Tuition Fee: ₹2,00,000 – ₹2,50,000
Campus Visit Expenses: ₹1,00,000 (approx.)
Stipend and full fee waiver are generally not applicable, unlike the full-time FPM.
5. Certificate Programs and MDPs
IIM Raipur offers certificate programs and Management Development Programs (MDPs) for professionals and executives.
Fees for Certificate Courses:
Short-term certificate programs (3–6 months): ₹1 lakh to ₹2.5 lakhs
Online courses with campus immersion: ₹1.25 lakhs to ₹3 lakhs
Each program has its own fee structure depending on content, duration, and faculty involvement.
6. Hostel and Mess Fees
For all residential programs (PGP, FPM), staying on campus is compulsory.
Hostel Charges:
Type | Amount per Year (INR) |
|---|---|
Single Occupancy | ₹75,000 – ₹90,000 |
Shared Rooms | ₹50,000 – ₹70,000 |
Mess Charges:
Mess advance is generally ₹60,000 per year, which can be adjusted depending on actual usage. Vegetarian and non-vegetarian options are available with hygienic dining facilities.
7. One-Time Fees & Security Deposits
Fee Type | Amount (INR) |
|---|---|
Caution Deposit | ₹30,000 (Refundable) |
Alumni Membership Fee | ₹10,000 |
Identity Card, Convocation, etc. | ₹5,000 |
These are paid at the time of admission and are applicable across all major programs.
8. Scholarships and Financial Aid
IIM Raipur offers Need-Based Financial Assistance (NBFA) and students can apply for:
SC/ST Top Class Education Scholarship
Merit-based rewards after first year
Corporate Scholarships (Aditya Birla, OPJEMS, etc.)
These can significantly reduce the effective cost of education at IIM Raipur.
9. Educational Loan Support
Several banks provide customized educational loans for IIM Raipur students:
Banks Supporting IIM Raipur:
State Bank of India (SBI Scholar Loan Scheme)
Canara Bank
HDFC Credila
Bank of Baroda
Axis Bank
Loan Features:
Up to ₹20–25 lakhs (covers full tuition + living expenses)
No collateral for loans up to ₹7.5 lakhs
Repayment after course completion + grace period
Interest subsidies available for economically weaker sections
10. Fee Comparison with Other IIMs
IIM Campus | Approximate Fee (PGP) |
|---|---|
IIM Ahmedabad | ₹25–28 lakhs |
IIM Bangalore | ₹24–26 lakhs |
IIM Calcutta | ₹25–27 lakhs |
IIM Raipur | ₹18–20 lakhs |
IIM Trichy | ₹18–20 lakhs |
IIM Kashipur | ₹17–18 lakhs |
IIM Raipur offers a highly competitive fee-to-value ratio.
11. Refund & Withdrawal Policies
IIM Raipur follows the UGC norms for refund:
Full refund with deduction of ₹1,000–₹5,000 for cancellations before term start.
Prorated refund (tuition only) for withdrawal within the first few weeks.
No refund beyond a specific academic deadline.
12. Frequently Asked Questions (FAQs)
Q1. Can I pay the IIM Raipur fee in installments?
Yes, all programs allow fee payment in multiple installments per term.
Q2. Are hostel and mess fees compulsory?
For full-time residential programs like PGP and FPM, yes, these are compulsory.
Q3. Is there any fee waiver available for economically weaker students?
Yes. IIM Raipur provides need-based assistance and supports central scholarships for SC/ST/OBC/EWS students.
Q4. Does the fee include study material and library access?
Yes, the tuition fee includes library, academic content, software licenses, and IT facilities.
Q5. Can I take an educational loan for the full amount?
Yes, many banks offer full coverage including living and personal expenses.
Conclusion
IIM Raipur offers a world-class management education at a relatively affordable fee compared to older IIMs while delivering an excellent return on investment. With robust financial support systems, scholarships, and educational loan facilities, students from all walks of life can pursue their academic dreams at IIM Raipur without undue financial stress.
Understanding the complete fee structure, payment timelines, and available financial aid is critical for making a smart, informed decision. This guide serves as a detailed resource for aspirants, students, and guardians planning their educational finances at one of India’s most promising business schools.