Fee Structure Overview
The total cost of the MBA program at Prayaga Institute of Management Studies includes various components such as tuition fees, hostel charges, mess advance, student benevolent fund, medical fees, gymkhana fees, and examination fees. The breakdown is as follows:
| Component | Amount (INR) |
|---|---|
| Tuition Fee (Per Semester) | 200,000 |
| Hostel Rent (Per Semester) | 40,000 |
| Mess Advance (Per Semester) | 30,000 |
| Student Benevolent Fund | 5,000 |
| Medical Fees | 3,000 |
| Gymkhana Fees | 2,000 |
| Examination Fees | 1,500 |
| Total Per Semester | 281,500 |
| Total For 2 Years | 563,000 |
Detailed Fee Components
Tuition Fee: This covers instruction, library access, laboratory facilities, and administrative support. It is paid semester-wise and includes access to digital resources, workshops, and guest lectures.
Hostel Rent: Accommodation charges vary depending on room type. Single occupancy rooms cost more than shared ones but offer greater privacy and comfort. Additional amenities like Wi-Fi, laundry services, and 24/7 security are included in the rent.
Mess Advance: A fixed amount paid upfront to cover food expenses during the semester. The actual mess charges are calculated at the end of the semester based on usage and adjusted accordingly.
Student Benevolent Fund: Contributions towards welfare programs, scholarships, and emergency aid for students facing financial hardships.
Medical Fees: Covers basic healthcare services provided by the institute's medical center, including consultations, immunizations, and first-aid kits.
Gymkhana Fees: Supports recreational activities, sports equipment maintenance, and campus fitness programs.
Examination Fees: Includes fees for internal assessments, external exams, reappearances, and certificate issuance.
Hostel & Mess Charges
The hostel facilities at Prayaga Institute of Management Studies are designed to provide a comfortable living environment conducive to academic excellence:
- Room Types: Single occupancy rooms (120 sq ft), Double occupancy rooms (100 sq ft), and Triple occupancy rooms (90 sq ft). Each room is equipped with a study table, bed, wardrobe, and air conditioning.
- Mess Billing System: Students are charged based on consumption using smart cards. The billing cycle is monthly and adjusted at the end of each semester.
- Rebate Policies: Students who stay in the hostel for the entire academic year are eligible for a 10% rebate on hostel rent and mess charges.
Fee Waivers, Concessions, and Scholarships
Financial assistance is available to students from economically disadvantaged backgrounds through various scholarship schemes:
- SC/ST/PwD Category: Full waiver of tuition fee and hostel charges for eligible students.
- EWS Category: 50% reduction in tuition fee and full waiver of hostel charges.
- MCM (Minority Community Members): 25% reduction in tuition fee and partial waiver of hostel charges.
Eligibility Criteria:
- Income slab below Rs. 3 lakhs per annum for general category students
- Caste certificate or minority community certificate as applicable
- Proof of residence in a rural or urban slum area
Application Process: Students must submit an application form along with supporting documents to the finance department by the last week of August.
Payment Procedures & Refund Policy
Payment Deadlines: Fees must be paid before the start of each semester. Late payments attract a penalty of Rs. 1,000 per day until the payment is made.
Refund Rules:
- Students who withdraw from the program before the first month are eligible for a refund of tuition fee minus administrative charges.
- Refunds are processed within 30 days of submission of withdrawal request and relevant documents.
- Any outstanding dues including hostel or mess charges must be cleared before processing a refund.
Payment Methods:
- Online banking via netbanking or UPI
- Credit/debit card transactions
- Bank drafts or demand drafts
- Net banking with auto-debit facility