Fees
The fee structure for the Retail Management program at Itm Skills University Navi Mumbai is designed to be transparent, affordable, and reflective of the high-quality education and infrastructure provided. The total program cost over four years is approximately ₹8 lakhs, distributed across semesters with detailed breakdowns for each component.
Fee Structure Overview
| Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
| Tuition Fee | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 |
| Hostel Rent | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 |
| Mess Advance | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 |
| Student Benevolent Fund | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 |
| Medical Fees | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Gymkhana Fees | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 |
| Examination Fees | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Total | ₹1,76,500 | ₹1,76,500 | ₹1,76,500 | ₹1,76,500 | ₹1,76,500 | ₹1,76,500 | ₹1,76,500 | ₹1,76,500 |
Component Breakdown
Tuition Fee: Covers access to all academic resources including libraries, laboratories, digital learning platforms, and faculty instruction.
Hostel Rent: Includes utilities, maintenance, security, and common area services. Room types include single occupancy, double occupancy, and triple occupancy options with varying amenities.
Mess Advance: Collected at the beginning of each semester and adjusted against actual mess expenses incurred during the semester. Rebates are available for students who do not require hostel accommodation or mess services.
Student Benevolent Fund: A small annual fee collected to support students facing financial hardships or emergencies.
Medical Fees: Covers basic medical checkups, consultations, and access to on-campus health facilities.
Gymkhana Fees: Supports sports activities, gym memberships, and extracurricular programs.
Examination Fees: Covers costs associated with conducting semester examinations and evaluation processes.
Hostel & Mess Charges
The hostel facilities at Itm Skills University Navi Mumbai offer comfortable living conditions for students. Hostels are equipped with basic amenities including air conditioning, internet connectivity, laundry services, and 24-hour security.
Mess billing follows a structured system where students pay an advance amount at the beginning of each semester. Monthly bills are generated based on actual consumption, and adjustments are made accordingly. The mess menu is designed to cater to diverse dietary preferences, including vegetarian, non-vegetarian, and special diets.
Rebate policies are available for students who opt out of hostel accommodation or mess services, ensuring fair pricing based on individual needs.
Fee Waivers, Concessions, and Scholarships
Financial assistance is available through various waiver schemes and scholarship programs to support students from economically disadvantaged backgrounds:
- SC/ST/PwD Category: Full or partial fee waivers based on income criteria and documentation.
- EWS Category: Eligibility based on family income below ₹4 lakh per annum, with benefits ranging from 50% to 100% waiver.
- MCM (Minority Community Member): Specific concessions for students belonging to minority communities as defined by the government.
Applications for fee waivers and scholarships must be submitted through the university portal with supporting documents such as income certificates, caste certificates, disability certificates, and other relevant proof of eligibility.
Payment Procedures & Refund Policy
Payments are made online via the university portal with options for installment payments to ease financial burden. The payment deadline is strictly enforced, and late fees are applicable beyond specified dates, typically ranging from 5% to 10% of the outstanding amount per month.
The refund policy outlines procedures for withdrawals, transfers, and academic misconduct. Refunds are processed within 30 days of approval, subject to deductions for administrative charges and any pending dues.