New Delhi: The prestigious Indian Institute of Technology (IIT) on Thursday raised its annual fee for undergraduate courses in all its 23 branches from Rs 90,000 to Rs 2 lakh from the upcoming year.
 
This decision came after an IIT panel cleared a proposal for a fee hike and sent it to the Human Resource Development (HRD) ministry for approval. On Thursday, the HRD ministry approved the proposal after agreeing for a two-fold fee hike instead of a three-fold hike as suggested by the IIT panel.
 
Earlier on Wednesday, HRD minister Smriti Irani said that students belonging to Scheduled Castes, Scheduled Tribes, and differently-abled categories will get a full tuition-fee waiver at all IITs. 
 
 The IITs currently have a 15% quota for SCs, 7.5% for STs and 27% for Other Backward Classes.
 
Irani also said that those students who come from families whose annual income is less than Rs 5 lakh will be given a 66% concession in tuition fees. She added that the move will benefit nearly 50% of the 60,471 students enrolled in India’s top engineering institutes.
 
However, many are of the opinion that the massive hike in fee will come as a jolt to IIT aspirants from more humble backgrounds.