Fee Structure Overview
The total fee structure for the finance program at Satyendra Chandra Guria Institute Of Management Andtechnology is designed to be transparent and affordable. The breakdown includes tuition fees, hostel charges, mess fees, and other miscellaneous expenses required for the entire duration of the course.
| Component | Per Semester (INR) | Annual Total (INR) |
|---|---|---|
| Tuition Fee | 350000 | 700000 |
| Hostel Rent | 60000 | 120000 |
| Mess Advance | 30000 | 60000 |
| Student Benevolent Fund | 5000 | 10000 |
| Medical Fees | 2000 | 4000 |
| Gymkhana Fees | 3000 | 6000 |
| Examination Fees | 1500 | 3000 |
| Total | 451500 | 903000 |
The total fee for the four-year program is 903000 INR, with each semester costing approximately 451500 INR. This includes all components necessary for a student's academic and residential experience at the institute.
Fee Components Explained
Tuition Fee (INR 350000 per semester): Covers the cost of instruction, laboratory access, library resources, and administrative services. This includes access to online databases, digital learning materials, and faculty mentorship.
Hostel Rent (INR 60000 per semester): Provides accommodation in well-maintained hostels with modern amenities including internet connectivity, laundry facilities, security systems, and recreational spaces. Hostels are categorized into single, double, triple, and quadruple occupancy rooms.
Mess Advance (INR 30000 per semester): Covers the cost of meals provided in campus messes. The billing system is designed to ensure fair distribution of costs based on attendance and meal preferences.
Student Benevolent Fund (INR 5000 per semester): Supports students facing financial difficulties by providing emergency grants and scholarships. Contributions help fund activities that benefit the student community, including cultural events, sports programs, and academic competitions.
Medical Fees (INR 2000 per semester): Covers basic healthcare services provided at the institute's medical center, including consultations, vaccinations, and minor treatments. This ensures students have access to timely medical attention without financial burden.
Gymkhana Fees (INR 3000 per semester): Supports sports activities, fitness programs, and recreational facilities available on campus. Students can participate in various sports events, tournaments, and fitness classes at reduced rates.
Examination Fees (INR 1500 per semester): Covers costs associated with conducting examinations, including question paper preparation, invigilation, and result processing. This ensures a smooth and secure examination environment for all students.
Hostel & Mess Charges
The hostel facility at Satyendra Chandra Guria Institute Of Management Andtechnology provides comfortable living arrangements for students from across the country. Hostels are equipped with essential amenities such as Wi-Fi connectivity, study rooms, common areas, and 24-hour security.
Room types include single occupancy (INR 60000 per semester), double occupancy (INR 55000 per semester), triple occupancy (INR 50000 per semester), and quadruple occupancy (INR 45000 per semester). Students can choose room preferences during the registration process.
The mess facility operates on a monthly billing system with meals provided for breakfast, lunch, and dinner. The menu is planned to cater to diverse dietary needs including vegetarian, non-vegetarian, and special diets. Monthly mess bills are calculated based on actual consumption and adjusted accordingly.
Rebate policies allow students to receive partial refunds during vacations or in case of temporary absences due to medical reasons or other valid causes. These rebates ensure that students do not pay for services they did not utilize during specific periods.
Fee Waivers, Concessions, and Scholarships
Satyendra Chandra Guria Institute Of Management Andtechnology recognizes the financial constraints faced by many students and offers several fee waiver options:
- SC/ST/PwD Category Students: Eligible for a 100% fee waiver upon submission of valid certificates.
- EWS Category Students: Receive a 50% discount on tuition fees with an additional 25% concession on hostel charges.
- MCM (Minority Community Members): Eligible for a 25% fee waiver on tuition and hostel charges.
Eligibility criteria are based on income slabs and family composition as per government guidelines. Students must submit relevant documents including caste certificates, income certificates, and Aadhaar cards to avail these benefits.
The scholarship policy includes merit-based awards for top-performing students in each semester. These scholarships range from 10% to 100% of tuition fees depending on academic performance and extracurricular achievements.
Payment Procedures & Refund Policy
Payments are made through online banking, credit/debit cards, or demand drafts issued by nationalized banks. The institute provides a detailed payment schedule with deadlines for each component to avoid late fees and penalties.
Late fees are calculated at 2% of the outstanding amount per month, applicable only after the due date specified in the payment schedule. Students are encouraged to make payments on time to maintain their academic standing and avoid any disruption in services.
Refund policies are governed by the institute's regulations regarding withdrawal from programs:
- Withdrawal within 15 days of admission: Full refund minus a processing fee of 1000 INR.
- Withdrawal between 16-30 days: Refund of 75% of paid fees after deducting administrative charges.
- Withdrawal beyond 30 days: No refund is processed except in exceptional circumstances reviewed by the administration.
The refund process takes up to 30 working days from the date of approval, subject to verification of documents and account clearance. Students are advised to keep all payment receipts for future reference and audit purposes.