Fee Structure Overview
The total fee for the Strategic Management program at Omkarananda Institute Of Management And Technology includes multiple components spread across eight semesters. The fee structure is designed to provide comprehensive education while maintaining affordability for all eligible candidates.
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Student Benevolent Fund (INR) | Medical Fees (INR) | Gymkhana Fees (INR) | Examination Fees (INR) | Total Per Semester (INR) |
|---|---|---|---|---|---|---|---|---|
| 1st | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 2nd | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 3rd | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 4th | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 5th | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 6th | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 7th | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
| 8th | 250000 | 80000 | 30000 | 2000 | 5000 | 3000 | 2000 | 370000 |
Fee Components Explanation
The fee structure includes several components to cover the comprehensive educational experience provided by the institute:
- Tuition Fee: Covers instruction, laboratory sessions, library access, and other academic resources necessary for the program.
- Hostel Rent: Provides accommodation facilities within the campus with modern amenities and security systems.
- Mess Advance: Ensures students have access to nutritious meals through the institute's catering services.
- Student Benevolent Fund: Supports students facing financial difficulties and contributes to welfare activities.
- Medical Fees: Provides healthcare services and medical facilities for student health needs.
- Gymkhana Fees: Supports sports and recreational activities, including gym access and fitness programs.
- Examination Fees: Covers costs associated with conducting examinations, grading, and result processing.
Hostel & Mess Charges
The institute offers various hostel accommodation options to suit different preferences and budgets. Rooms are categorized based on amenities such as single occupancy, double occupancy, and shared facilities.
Room Types and Amenities
- Single Occupancy Room: Private room with basic amenities including bed, study table, chair, and wardrobe.
- Double Occupancy Room: Shared room with two students, offering similar amenities as single rooms but shared space.
- Triple Occupancy Room: Shared room accommodating three students with essential furniture and utilities.
The mess billing system is designed to be transparent and convenient. Students pay a fixed monthly advance for meals, which is adjusted based on actual consumption during the month.
Mess Billing System
Monthly meal charges are calculated based on the number of days consumed in that month. Rebate policies are available for students with exceptional academic performance or those facing financial hardships.
Fee Waivers, Concessions, and Scholarships
The institute provides various financial assistance options to eligible candidates through fee waivers, concessions, and scholarships:
- SC/ST/PwD Category: Candidates belonging to SC/ST/PwD categories receive 100% fee waiver for tuition and hostel charges.
- EWS Category: Students from EWS category receive 50% concession on tuition fees and full waiver on hostel charges.
- MCM Category: Merit-cum-Means candidates receive partial fee concessions based on academic performance and financial background.
Eligibility criteria for each category are clearly defined, with documentation required during admission process. Applications for fee waivers must be submitted along with supporting documents including income certificates and caste certificates (if applicable).
Payment Procedures & Refund Policy
The payment procedures for fees are designed to be flexible and convenient for students:
- Payment Deadlines: Fees must be paid by the specified deadlines each semester to avoid late fees.
- Late Fee Calculations: A penalty of 2% per month is charged on outstanding fees beyond the deadline.
- Refund Rules: Refunds are processed according to university regulations and may be subject to deductions for administrative charges.
The official refund policy ensures transparency in handling financial matters. Withdrawal requests are evaluated based on specific guidelines, with refunds typically processed within 30 working days after approval.