Fee Structure Overview

The Management Studies program at Omkarananda Institute Of Management And Technology offers a transparent and comprehensive fee structure that covers all aspects of academic and campus life. The total cost for the four-year program is approximately INR 650,000, which includes tuition fees, hostel charges, mess fees, and other essential components.

Annual Fee Breakdown

Fee Components Explained

The fee structure at Omkarananda Institute Of Management And Technology is designed to cover all essential expenses related to education, accommodation, and campus services. Each component serves a specific purpose in ensuring a holistic student experience:

Tuition Fee

The tuition fee covers the cost of instruction, including faculty salaries, laboratory equipment, and educational materials. It ensures that students receive high-quality academic support from experienced educators and access to modern learning resources.

Hostel Rent

Accommodation is provided through well-maintained hostels that offer a safe and conducive environment for studying and socializing. The hostel rent includes basic amenities such as beds, study tables, wardrobes, and common areas.

Mess Advance

The mess advance covers the cost of meals during the academic year. Students are required to pay this amount in advance to ensure consistent food service availability and proper planning for dietary needs.

Student Benevolent Fund

This fund supports students from economically disadvantaged backgrounds through scholarships, financial assistance, and emergency aid. Contributions help maintain a supportive campus environment for all students regardless of their economic status.

Medical Fees

Medical fees cover healthcare services provided by the institute's medical center, including routine checkups, vaccinations, first aid, and emergency treatments. The fund ensures that students have access to timely medical attention when needed.

Gymkhana Fees

The gymkhana fee supports recreational activities and sports facilities available on campus. It includes access to gyms, swimming pools, courts for various sports, and organized events that promote physical fitness and team-building among students.

Examination Fees

These fees cover administrative costs associated with conducting examinations, including exam center management, proctoring services, and result processing. They ensure fair and secure evaluation processes throughout the academic year.

Hostel & Mess Charges

Omkarananda Institute Of Management And Technology provides comfortable accommodation through its hostel facilities that cater to both male and female students. The hostel charges vary depending on room type and amenities offered:

Room Types

• Single Occupancy Room: INR 20,000 per semester (with private bathroom)
• Double Occupancy Room: INR 15,000 per semester (shared bathroom)
• Triple Occupancy Room: INR 12,000 per semester (shared bathroom)

Mess Billing System

The mess billing system is designed to provide students with nutritious meals at reasonable rates. Meals are served in a hygienic environment, and dietary preferences can be accommodated upon request. The advance payment system ensures consistent meal availability throughout the semester.

Rebate Policies

Students who leave campus during the semester or take leaves for academic reasons may be eligible for partial rebates on hostel rent and mess charges. Rebate policies are clearly communicated to students at the beginning of each semester, ensuring transparency in billing practices.

Fee Waivers, Concessions, and Scholarships

Omkarananda Institute Of Management And Technology recognizes the financial challenges faced by some students and offers various forms of assistance to ensure educational access for all:

Eligibility Criteria

• SC/ST/PwD Students: Income below INR 2 lakhs per annum (as per government norms)
• EWS Category: Income below INR 3 lakhs per annum (as per government norms)
• MCM (Minority Community Members): Income below INR 1.5 lakhs per annum (as per government norms)

Benefits

• Full Fee Waiver: For students with income below specified limits, a complete waiver of tuition fees may be granted.
• Partial Concession: Students from middle-income families may receive a 50% concession on tuition fees.
• Scholarship Programs: Merit-based scholarships are available for top-performing students in each semester.

Application Process

Students interested in applying for fee waivers or concessions must submit an application form along with supporting documents such as income certificates, caste certificates (if applicable), and Aadhar card copies. The process is streamlined to ensure timely processing and transparency in benefit allocation.

Payment Procedures & Refund Policy

The institute follows a structured payment procedure to facilitate smooth fee transactions for students and parents:

Payment Deadlines

• First Semester: Payment must be completed within 7 days of admission.
• Subsequent Semesters: Payment must be made before the start of each semester.

Late Fee Calculations

A late fee of INR 500 per day is charged for delayed payments. This policy encourages prompt payment and helps maintain financial discipline among students.

Refund Rules

If a student withdraws from the program, a refund of fees may be processed according to the following guidelines:

• Withdrawal within 10 days: Full refund of all fees except examination fees and medical charges.
• Withdrawal between 10-30 days: Refund of 75% of total fees after deducting administrative costs.
• Withdrawal after 30 days: No refund is processed except for examination fees and medical charges.

Refund Processing Time

Once the withdrawal request is approved, refunds are processed within 30 working days. The process includes verification of documents, approval from administrative authorities, and transfer of funds to the student's bank account.

Financial Assistance Programs

Omkarananda Institute Of Management And Technology provides additional financial support through various programs aimed at reducing the economic burden on students:

• Merit Scholarships: Awards for top-performing students based on academic excellence and extracurricular achievements.
• Need-Based Grants: Financial assistance for students demonstrating genuine need due to economic hardship or family circumstances.
• Study Loans: Partnerships with banks to facilitate easy access to study loans for students who require additional financial support.

Transparency in Fee Structure

The institute maintains full transparency in its fee structure by publishing detailed information on the official website and issuing periodic notices to students and parents. All fees are clearly outlined, and no hidden charges are imposed during the academic journey. The administration ensures that financial planning is straightforward for families, enabling them to budget accordingly.