Fee Structure Overview
The total fee for the Entrepreneurship program at Omkarananda Institute Of Management And Technology is ₹350,000 for the entire four-year duration. This amount is divided into semesters with additional charges for hostel and mess facilities.
| Fee Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 |
| Hostel Rent | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 |
| Mess Advance | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 |
| Student Benevolent Fund | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 |
| Medical Fees | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Gymkhana Fees | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
| Examination Fees | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 |
| Total | ₹114,500 | ₹114,500 | ₹114,500 | ₹114,500 | ₹114,500 | ₹114,500 | ₹114,500 | ₹114,500 |
Fee Component Details
Each fee component serves a distinct purpose in supporting the educational experience and campus life of students.
- Tuition Fee: Covers instruction, laboratory access, library resources, and academic services provided by faculty members.
- Hostel Rent: Provides accommodation for students who wish to stay on campus, ensuring a safe and conducive environment for learning.
- Mess Advance: Covers meal expenses for the semester, with a detailed billing system managed through the Institute's mess management portal.
- Student Benevolent Fund: Supports students facing financial hardships or emergencies during their academic journey.
- Medical Fees: Ensures access to medical services on campus and covers routine check-ups and emergency care.
- Gymkhana Fees: Funds sports activities, gym facilities, and wellness programs that promote physical health and mental well-being.
- Examination Fees: Covers costs related to conducting exams, grading, and maintaining academic records.
Hostel & Mess Charges
The Institute offers modern hostel facilities with various room types to accommodate students from different backgrounds:
- Single Occupancy Room: ₹15,000 per semester
- Double Occupancy Room: ₹12,000 per semester
- Triple Occupancy Room: ₹10,000 per semester
Mess billing is based on consumption patterns with a flat monthly charge for each student. Students can opt for premium meal plans or choose standard options. Rebates are available for students from economically weaker sections (EWS) and those receiving scholarships.
Fee Waivers, Concessions, and Scholarships
Omkarananda Institute Of Management And Technology offers several financial assistance schemes to ensure that meritorious students from all backgrounds can pursue higher education without financial constraints:
- SC/ST/PwD Category: Full waiver of tuition fees and hostel charges for eligible students with income below ₹10 lakh per annum.
- EWS Category: 50% reduction in tuition fees and full waiver of hostel charges for families with income between ₹3 lakh to ₹10 lakh.
- MCM (Minority Community): 25% reduction in tuition fees and partial waiver of hostel charges for students from minority communities.
Application Process
Candidates must submit relevant documentation including caste certificates, income certificates, and Aadhaar cards during the application process. Applications are reviewed by a committee that assesses eligibility based on provided evidence.
Payment Procedures & Refund Policy
Payments can be made online via net banking, credit/debit cards, or NEFT/RTGS transfers. A fixed deadline is set for each semester, and late fees are charged at 5% per month beyond the due date.
Refund Policy
In case of withdrawal from the program, refunds are processed based on the following guidelines:
- Withdrawal within 15 days: Full refund minus administrative charges
- Withdrawal between 16–30 days: 75% refund of paid fees
- Withdrawal after 30 days: No refund will be processed
The refund process typically takes 45 working days to complete, and all requests must be submitted in writing with necessary supporting documents.