Fee Structure
The fee structure for the Retail Management program at Omkarananda Institute Of Management And Technology is designed to provide comprehensive educational services while remaining accessible to students from diverse economic backgrounds. The total annual fee for the program is approximately Rs. 12,00,000/-, which includes all components required for a complete academic experience.
Annual Fee Breakdown
| Fee Head | Amount (INR) | Frequency |
|---|---|---|
| Tuition Fee | 8,00,000 | Per Year |
| Hostel Rent | 1,20,000 | Per Year |
| Mess Advance | 80,000 | Per Year |
| Student Benevolent Fund | 5,000 | Per Year |
| Medical Fees | 3,000 | Per Year |
| Gymkhana Fees | 2,000 | Per Year |
| Examination Fees | 5,000 | Per Semester |
| Total Annual Fee | 12,00,000 | - |
Semester-wise Fee Structure
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Other Fees (INR) | Total (INR) |
|---|---|---|---|---|---|
| Semester I | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester II | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester III | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester IV | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester V | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester VI | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester VII | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
| Semester VIII | 4,00,000 | 60,000 | 40,000 | 10,000 | 5,10,000 |
Fee Components Explanation
Tuition Fee
The tuition fee covers all academic expenses including faculty salaries, teaching materials, laboratory facilities, library access, and administrative costs. This component represents the largest portion of the total program cost and reflects the high-quality education provided by the institute.
Hostel Rent
The hostel rent provides accommodation for students who wish to stay on campus. The institute maintains modern, well-equipped hostels with 24/7 security, Wi-Fi connectivity, and essential amenities. Students are expected to pay monthly hostel charges during the academic year.
Mess Advance
The mess advance covers all dining expenses for the academic year. Students are required to pay this amount in advance to ensure uninterrupted food services throughout their stay at the institute.
Student Benevolent Fund
This fund supports students from economically disadvantaged backgrounds through scholarships, emergency assistance, and special programs. Contributions help maintain financial support systems for students who need additional assistance.
Medical Fees
The medical fees cover access to on-campus healthcare services, including consultations with qualified doctors, basic treatments, and emergency medical care. Students receive comprehensive health insurance coverage as part of their enrollment benefits.
Gymkhana Fees
The gymkhana fees support campus recreational activities, sports facilities, cultural programs, and student organizations. These funds ensure that students have access to extracurricular activities that enhance their overall development.
Examination Fees
Examination fees cover the cost of conducting end-of-semester assessments, evaluation processes, and result processing. These fees are charged per semester to ensure quality assessment standards and maintain academic integrity.
Hostel & Mess Charges
Room Types
The institute offers various hostel room configurations to accommodate different student needs:
- Single Occupancy Room: 25,000/- per semester with private bathroom and study space
- Double Occupancy Room: 18,000/- per semester with shared bathroom and common study area
- Triple Occupancy Room: 15,000/- per semester with shared facilities
- Quad Occupancy Room: 12,000/- per semester with basic amenities
Mess Billing System
The mess billing system operates on a monthly cycle with detailed meal plans and pricing structures:
- Standard Meal Plan: 250/- per day for three meals including breakfast, lunch, and dinner
- Premium Meal Plan: 350/- per day with additional vegetarian and non-vegetarian options
- Custom Meal Plan: Available upon request with special dietary accommodations
Rebate Policies
Students may be eligible for rebate policies under certain circumstances:
- Holiday Rebates: Full or partial rebates during university holidays and breaks
- Academic Leave: Pro-rated rebates during approved academic leaves
- Medical Emergency: Temporary suspension of mess charges during medical emergencies
Fee Waivers, Concessions, and Scholarships
Scholarship Categories
The institute provides multiple scholarship programs to support students from diverse backgrounds:
- Merit-Based Scholarships: Awarded to top-performing students with academic excellence
- Need-Based Scholarships: Provided to students from economically disadvantaged families
- Category-wise Concessions: Special discounts for SC/ST/PwD, EWS, and MCM students
- Entrepreneurship Scholarships: Supporting students with innovative projects or business ventures
Eligibility Criteria
The eligibility criteria vary based on scholarship categories:
| Scholarship Type | Eligibility Requirements | Income Slab |
|---|---|---|
| Merit-Based | Top 5% students in each semester | - |
| Need-Based | Family income below 2 lakh per annum | Below 2 Lakh |
| SC/ST/PwD | Caste certificate and family income below 3 lakh | Below 3 Lakh |
| EWS | EWS certificate and family income between 3-6 lakh | 3-6 Lakh |
| MCM | Minority community certificate and family income below 3 lakh | Below 3 Lakh |
Benefits and Application Process
Scholarship recipients receive benefits including partial or full fee waivers, monthly stipends, and additional academic support. The application process involves:
- Online Application: Submit applications through the institute portal with required documents
- Document Verification: Physical verification of certificates and income proof
- Selection Committee Review: Evaluation by a dedicated scholarship committee
- Award Notification: Announcement of successful applicants through official channels
Payment Procedures & Refund Policy
Payment Deadlines
Students are expected to complete fee payments by specific deadlines to avoid late fees and maintain enrollment status:
- Semester Registration Deadline: 10 days after semester commencement
- Monthly Hostel Payment Deadline: 5 days before the start of each month
- Mess Advance Payment Deadline: Before the start of the academic year
Late Fee Calculation
Late payments attract applicable fees as follows:
- First 7 Days: 500/- per day
- Next 14 Days: 1000/- per day
- Beyond 21 Days: 1500/- per day plus additional administrative charges
Refund Policy
The refund policy ensures fair handling of financial transactions in case of withdrawal or transfer:
- Withdrawal Before Academic Year: Full refund minus 10% processing fee
- Withdrawal During Academic Year: Refund based on proportionate fees with administrative deductions
- Transfer to Another Institution: Refund after verification of transfer documents and official approval