Fee Structure Overview
The total fee for the Marketing program at Omkarananda Institute Of Management And Technology is structured over four academic years. Below is a detailed breakdown of charges per semester:
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Student Benevolent Fund (INR) | Medical Fees (INR) | Gymkhana Fees (INR) | Examination Fees (INR) | Total (INR) |
|---|---|---|---|---|---|---|---|---|
| 1 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 2 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 3 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 4 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 5 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 6 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 7 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
| 8 | 180000 | 60000 | 30000 | 2000 | 5000 | 3000 | 2000 | 280000 |
Fee Components Explained
Tuition Fee: Covers instruction, laboratory access, and administrative costs associated with academic programs.
Hostel Rent: Includes accommodation in the Institute’s residential facilities, utilities, and security services.
Mess Advance: A pre-paid amount towards food expenses in campus hostels. Adjustments are made at the end of each month.
Student Benevolent Fund: Contributes to scholarships, emergency assistance, and student welfare initiatives.
Medical Fees: Covers basic healthcare services provided by the Institute’s medical center.
Gymkhana Fees: Supports sports activities, fitness programs, and recreational facilities.
Examination Fees: Covers costs related to conducting internal and external examinations.
Hostel & Mess Charges
The Institute provides multiple hostel options categorized by room type:
- Single Occupancy Room: INR 60,000/year (approx. INR 5000/month)
- Double Occupancy Room: INR 45,000/year (approx. INR 3750/month)
- Triple Occupancy Room: INR 35,000/year (approx. INR 2917/month)
Mess charges vary based on meal plans selected by students. The billing cycle operates monthly, with adjustments made after each semester to reflect actual consumption.
Fee Waivers, Concessions & Scholarships
The Institute offers several financial aid options for meritorious and economically disadvantaged students:
- Merit-Based Scholarships: Awarded to top-performing students in Class 12th exams. Eligibility criteria include a minimum of 85% aggregate marks.
- Income-Based Concessions: Available for families earning less than INR 3 lakh/year. Students must submit income certificates and proof of residence.
- SC/ST/PwD Category: Full fee waiver applicable to students belonging to reserved categories with valid documentation.
- EWS Concession: 50% reduction in tuition fees for eligible students under the Economically Weaker Section category.
- MCM (Married Children of Marginalized Communities): Additional concessions for students from specific marginalized backgrounds.
Applications for these benefits must be submitted through the official portal within specified deadlines. Detailed guidelines and required documents are available on the Institute website.
Payment Procedures & Refund Policy
Payment Deadlines: All fees must be paid by the first week of each semester. Late payments incur a penalty of INR 500 per day.
Refund Policy: Refunds are processed for students who withdraw from the program before completing one full semester. The refund amount is calculated after deducting administrative charges and any pending dues.
Payment Methods: Fees can be paid online via net banking, credit/debit cards, or through NEFT/RTGS transfers. Physical payments are accepted at designated counters within the Institute premises.