Fee Structure Overview
The fee structure for the Human Resource program at Prayaga Institute of Management Studies is designed to be affordable yet comprehensive, covering all aspects of academic and extracurricular activities. The total cost for the four-year program is approximately INR 40 lakhs.
Fee Structure Per Semester
| Head | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | INR 1,50,000 | INR 1,50,000 | INR 1,50,000 | INR 1,50,000 | INR 1,50,000 | INR 1,50,000 | INR 1,50,000 | INR 1,50,000 |
| Hostel Rent | INR 80,000 | INR 80,000 | INR 80,000 | INR 80,000 | INR 80,000 | INR 80,000 | INR 80,000 | INR 80,000 |
| Mess Advance | INR 40,000 | INR 40,000 | INR 40,000 | INR 40,000 | INR 40,000 | INR 40,000 | INR 40,000 | INR 40,000 |
| Student Benevolent Fund | INR 10,000 | INR 10,000 | INR 10,000 | INR 10,000 | INR 10,000 | INR 10,000 | INR 10,000 | INR 10,000 |
| Medical Fees | INR 5,000 | INR 5,000 | INR 5,000 | INR 5,000 | INR 5,000 | INR 5,000 | INR 5,000 | INR 5,000 |
| Gymkhana Fees | INR 2,000 | INR 2,000 | INR 2,000 | INR 2,000 | INR 2,000 | INR 2,000 | INR 2,000 | INR 2,000 |
| Examination Fees | INR 3,000 | INR 3,000 | INR 3,000 | INR 3,000 | INR 3,000 | INR 3,000 | INR 3,000 | INR 3,000 |
| Total Per Semester | INR 2,80,000 | INR 2,80,000 | INR 2,80,000 | INR 2,80,000 | INR 2,80,000 | INR 2,80,000 | INR 2,80,000 | INR 2,80,000 |
Fee Components Explanation
Tuition Fee: Covers academic instruction, access to libraries, labs, and digital resources. The fee is revised annually based on inflation and infrastructure development costs.
Hostel Rent: Includes accommodation in single or double occupancy rooms with basic amenities such as bed, study table, chair, and internet connectivity.
Mess Advance: Covers monthly food expenses for 30 days. The mess charges are adjusted at the end of each semester based on actual consumption.
Student Benevolent Fund: Supports students from economically disadvantaged backgrounds by providing financial assistance for educational and personal needs.
Medical Fees: Covers basic healthcare services available on campus, including consultations with doctors and access to medicines.
Gymkhana Fees: Provides access to fitness facilities, sports equipment, and participation in extracurricular activities.
Examination Fees: Covers costs associated with conducting examinations, including evaluation, grading, and result processing.
Hostel & Mess Charges
The hostel accommodation at Prayaga Institute of Management Studies offers a comfortable living environment for students. Hostel rooms are available in single, double, or triple occupancy configurations, each equipped with essential amenities.
The mess system operates on a monthly billing cycle, where students pay an advance amount before the start of each month. Meals include breakfast, lunch, and dinner, with vegetarian and non-vegetarian options. The mess menu is planned by professional chefs to ensure nutritional balance and variety.
Rebate policies allow students to receive partial refunds if they do not use the mess facility for a specified number of days in a month. This ensures flexibility while maintaining fair usage of resources.
Fee Waivers, Concessions, and Scholarships
Prayaga Institute of Management Studies offers various financial aid options to support deserving students:
- SC/ST/PwD Category: Eligible students receive a 50% concession on tuition fees. Income slabs for this category are below INR 2 lakh per annum.
- EWS Category: Students from economically weaker sections receive a 25% concession on tuition fees. Income slabs range between INR 2 lakh and INR 4 lakh annually.
- MCM (Minority Community): Students belonging to minority communities get a 10% discount on tuition fees. Eligibility is based on official documentation from the state government.
The application process for fee waivers involves submitting necessary documents such as caste certificates, income proofs, and residence proof. The scholarship committee reviews applications and approves them within two weeks of submission.
Payment Procedures & Refund Policy
Students must make payments through online banking or NEFT/RTGS transfers to the designated account. Late fees are charged at 1% per month for overdue amounts exceeding one week. The official refund policy applies only in cases of withdrawal from the institution.
Refunds are processed within 30 days after receiving a formal withdrawal request. Deductions include processing fees, hostel charges, and any pending dues. Students must complete all exit formalities before the refund is issued.