Fee Structure
The fee structure for the Operations program at Prayaga Institute of Management Studies is transparent and comprehensive, covering all aspects of academic and residential life. The total cost includes tuition fees, hostel charges, mess advance, and various other recurring and one-time fees.
| Fee Head | Per Semester (INR) | Annual (INR) | One-Time Charges |
|---|---|---|---|
| Tuition Fee | 1,20,000 | 2,40,000 | - |
| Hostel Rent | 60,000 | 1,20,000 | - |
| Mess Advance | 30,000 | 60,000 | - |
| Student Benevolent Fund | 1,000 | 2,000 | - |
| Medical Fees | 5,000 | 10,000 | - |
| Gymkhana Fees | 2,000 | 4,000 | - |
| Examination Fees | 2,000 | 4,000 | - |
| Total Per Semester | 2,18,000 | 4,36,000 | - |
Detailed Explanation of Fee Components
Tuition Fee
The tuition fee covers instruction costs, access to libraries, laboratory facilities, and administrative services. It is fixed annually and includes all course materials, digital resources, and support services.
Hostel Rent
Hostel accommodation is provided on a shared basis with individual rooms available for an additional fee. The rent covers utilities, maintenance, security, and basic amenities.
Mess Advance
The mess advance is a pre-paid amount that ensures access to meals throughout the semester. It includes breakfast, lunch, and dinner, and adjustments are made at the end of each month based on actual consumption.
Student Benevolent Fund
This fund supports students facing financial hardships or unexpected emergencies. Contributions are voluntary but encouraged to build a supportive community environment.
Medical Fees
The medical fee covers access to on-campus healthcare facilities, including consultations, diagnostics, and medication. Students can also avail discounts at affiliated hospitals.
Gymkhana Fees
This fee supports recreational activities and sports facilities available on campus. It includes access to gyms, playing fields, and organized fitness programs.
Examination Fees
The examination fee covers the cost of conducting tests, evaluating answer scripts, issuing results, and maintaining academic records for each semester.
Hostel & Mess Charges
Room Types
The institute provides different types of rooms based on comfort and affordability:
- Single Room: Rs. 60,000 per semester (exclusive of mess)
- Double Room: Rs. 45,000 per semester (exclusive of mess)
- Triple Room: Rs. 30,000 per semester (exclusive of mess)
Mess Billing System
The mess billing system is managed through an online portal where students can track their consumption and make payments monthly. The billing cycle runs from the start of each month until the end, with adjustments made based on actual usage.
Rebate Policies
Students may be eligible for rebates under certain conditions such as:
- Academic Performance: Students scoring above 80% in annual assessments receive a 10% rebate on hostel rent.
- Participation in Events: Active participation in sports or cultural events may lead to partial rebates.
- Financial Need: Students from low-income families can apply for special rebates upon submission of income certificates.
Fee Waivers, Concessions, and Scholarships
Eligibility Criteria
The following categories are eligible for fee concessions:
- SC/ST/PwD: 100% waiver on tuition fees and 50% rebate on hostel charges.
- EWS: 50% waiver on tuition fees and 25% rebate on hostel charges.
- MCM (Minority Community Members): 25% waiver on tuition fees and 10% rebate on hostel charges.
Application Process
Students must submit an application form along with supporting documents such as income certificates, caste certificates, or disability certificates within the first week of the academic year. Applications are reviewed by a committee that evaluates eligibility and approves concessions accordingly.
Payment Procedures & Refund Policy
Payment Deadlines
All fees must be paid before the start of the semester or within 10 days of admission. Late payments attract a penalty of Rs. 500 per day until cleared.
Late Fee Calculations
Students who fail to pay fees on time are subject to daily late fees calculated as follows:
- First 10 Days: Rs. 500/day
- Next 10 Days: Rs. 1000/day
- Beyond 20 Days: Rs. 1500/day
Refund Rules Upon Withdrawal
If a student withdraws from the program, the following refund rules apply:
- Before First Month: Full refund of tuition fees and hostel charges minus Rs. 10,000 for administrative costs.
- After First Month but Before Third Month: Refund of 75% of tuition fees and hostel charges minus Rs. 5,000 for administrative costs.
- After Third Month: No refund is granted except for specific cases approved by the administration.