Fee Structure Overview
The fee structure for the Business Administration program at Mind Power University Nanital is designed to be transparent and affordable, with a comprehensive breakdown of all charges for the entire duration of the program. The fees are divided into several components, including tuition fees, hostel rent, mess charges, and other miscellaneous fees. The university provides detailed information about the fee structure to ensure that students and parents can understand all components of the charges.
Annual Fee Structure
The following table presents the detailed fee structure for the Business Administration program at Mind Power University Nanital for the entire duration of the program:
| Component | Amount (INR) Per Semester | Annual Total (INR) |
|---|---|---|
| Tuition Fee | 120000 | 240000 |
| Hostel Rent | 30000 | 60000 |
| Mess Advance | 20000 | 40000 |
| Student Benevolent Fund | 5000 | 10000 |
| Medical Fees | 2000 | 4000 |
| Gymkhana Fees | 1000 | 2000 |
| Examination Fees | 1000 | 2000 |
| Other Charges | 10000 | 20000 |
| Total | 189000 | 378000 |
Fee Components Explanation
Each component of the fee structure is explained in detail below:
Tuition Fee
The tuition fee covers the cost of instruction, including faculty salaries, classroom facilities, and academic resources. The fee is divided into two semesters, with each semester costing INR 120,000. The tuition fee is designed to provide students with access to high-quality education and state-of-the-art facilities.
Hostel Rent
The hostel rent covers the cost of accommodation for students who choose to live on campus. The rent is divided into two semesters, with each semester costing INR 30,000. The university provides comfortable and secure hostel facilities with modern amenities to ensure that students have a pleasant living experience.
Mess Advance
The mess advance covers the cost of meals for students living on campus. The advance is divided into two semesters, with each semester costing INR 20,000. The university provides nutritious and hygienic meals to ensure that students maintain good health and well-being.
Student Benevolent Fund
The Student Benevolent Fund is a fund that supports students in need of financial assistance. The fund is used to provide emergency financial aid to students facing unexpected hardships. The annual contribution is INR 5,000 per semester.
Medical Fees
The medical fees cover the cost of medical services provided by the university's medical center. The fees are designed to ensure that students have access to quality healthcare services during their stay at the university. The annual contribution is INR 2,000 per semester.
Gymkhana Fees
The Gymkhana Fees cover the cost of maintaining the university's sports facilities and organizing sports events. The fees are used to provide students with access to fitness facilities and promote a healthy lifestyle. The annual contribution is INR 1,000 per semester.
Examination Fees
The examination fees cover the cost of conducting examinations and maintaining examination facilities. The fees are designed to ensure that students have access to a fair and transparent examination process. The annual contribution is INR 1,000 per semester.
Other Charges
The other charges include various miscellaneous fees such as library fees, computer lab fees, and other administrative charges. These fees are designed to support the university's operations and provide students with access to various resources and facilities. The annual contribution is INR 10,000 per semester.
Hostel & Mess Charges
The university provides comfortable and well-maintained hostel facilities for students who choose to live on campus. The hostel charges are divided into different room types, with varying amenities and prices. The mess charges are designed to provide students with nutritious and hygienic meals.
Room Types
The university offers different types of rooms in its hostels, including single occupancy, double occupancy, and triple occupancy rooms. The pricing for each room type is as follows:
- Single Occupancy Room: INR 30,000 per semester
- Double Occupancy Room: INR 25,000 per semester
- Triple Occupancy Room: INR 20,000 per semester
Mess Billing System
The mess billing system is designed to be transparent and fair, with charges based on the number of meals consumed. The university provides a detailed billing system that ensures students are charged accurately for their meals. The mess charges include breakfast, lunch, and dinner for each day of the week.
Rebate Policies
The university provides rebate policies for students who are unable to use the hostel or mess facilities for a certain period. The rebate is calculated based on the number of days the facilities are not used, and the amount is refunded to the student's account.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waivers, concessions, and scholarships to eligible students based on their financial status and academic performance. The eligibility criteria and benefits for each category are as follows:
SC/ST/PwD Category
Students belonging to SC/ST and PwD categories are eligible for a 100% fee waiver. The eligibility is determined based on the caste certificate and disability certificate issued by the government.
EWS Category
Students belonging to the EWS category are eligible for a 50% fee concession. The eligibility is determined based on the income certificate issued by the government.
MCM Category
Students belonging to the MCM (Minority Community Member) category are eligible for a 25% fee concession. The eligibility is determined based on the minority community certificate issued by the government.
Academic Excellence
Students who demonstrate exceptional academic performance are eligible for scholarships based on their CGPA and performance in the entrance exam. The scholarships range from 25% to 100% fee waiver based on the merit.
Payment Procedures & Refund Policy
The university has a clear and transparent payment procedure for the Business Administration program. The payment deadlines are strictly enforced, and late fees are applicable for delayed payments. The refund policy is designed to be fair and transparent, with clear guidelines for refunds in case of withdrawal or other circumstances.
Payment Deadlines
The payment deadlines for the Business Administration program are as follows:
- First Semester Payment: Before the start of the semester
- Second Semester Payment: Before the start of the second semester
- Annual Payment: Before the start of the academic year
Late Fee Calculation
Late fees are applicable for delayed payments, with a rate of INR 100 per day for each semester. The late fees are calculated based on the number of days the payment is delayed beyond the deadline.
Refund Rules
The refund rules for the Business Administration program are as follows:
- Refunds are processed within 30 days of the withdrawal application
- Refunds are subject to a deduction of administrative charges of INR 5000
- Refunds are not processed for students who have availed of scholarships or fee waivers
- Refunds are processed only for the remaining balance after deducting the administrative charges