Fee Structure Overview
The total fee structure for Omkarananda Institute Of Management And Technology's Business Analytics program is designed to cover all aspects of student life and academic excellence. The following table details the components of the annual fee breakdown:
| Component | Semester-wise Cost (INR) |
|---|---|
| Tuition Fee | 300,000 |
| Hostel Rent | 60,000 |
| Mess Advance | 45,000 |
| Student Benevolent Fund | 10,000 |
| Medical Fees | 5,000 |
| Gymkhana Fees | 3,000 |
| Examination Fees | 2,000 |
| Total Annual Cost | 425,000 |
Component Details
Tuition Fee: Covers instruction, laboratory access, and course materials for all subjects in the program. Includes access to digital libraries and online resources.
Hostel Rent: Provides accommodation for students within the campus. Charges vary based on room type and amenities.
Mess Advance: Prepaid monthly charges for meals at the campus dining facilities. Adjusted annually based on inflation rates.
Student Benevolent Fund: A mandatory contribution to support students facing financial hardships or emergencies.
Medical Fees: Covers basic healthcare services and medical consultations provided by the campus health center.
Gymkhana Fees: Includes access to sports facilities, fitness equipment, and recreational activities for student wellness.
Examination Fees: Covers administrative costs associated with conducting end-of-semester examinations and assessments.
Hostel & Mess Charges
The hostel accommodation at Omkarananda Institute Of Management And Technology offers various room types to suit different preferences:
- Single Room: ₹20,000 per semester for a private single-occupancy room with basic amenities.
- Double Room: ₹15,000 per semester shared by two students, including Wi-Fi and study space.
- Triple Room: ₹12,000 per semester shared by three students, offering a cost-effective option with communal facilities.
The mess billing system operates on a monthly basis, with charges adjusted according to meal consumption. Rebates are available for students residing in hostel rooms with fewer occupants, encouraging sustainable living practices.
Fee Waivers, Concessions, and Scholarships
The institute offers multiple financial aid options to eligible students:
- SC/ST/PwD Category: 100% fee waiver for students from these categories with documented proof.
- EWS Category: 50% fee concession for economically weaker sections with income below ₹8 lakh annually.
- MCM (Minority Community Members): 25% fee discount for students belonging to minority communities as defined by the government.
Eligibility criteria are determined based on income slabs and documented certificates. Applications must be submitted through the official portal with supporting documents verified by relevant authorities.
Payment Procedures & Refund Policy
Payments are due at the beginning of each semester, with strict deadlines enforced to maintain smooth academic operations. Late payments attract a penalty fee calculated as 1% per week on outstanding amounts.
In case of withdrawal from the program, the refund policy is governed by the following rules:
- Full refund if withdrawn before the first month of the semester.
- Refund of 70% if withdrawn within the first two months.
- No refund after the second month unless under exceptional circumstances approved by the administration.
All refunds are processed within 60 days of withdrawal confirmation, subject to verification of accounts and documentation.