Union ministry for human resources development (HRD) has set up a task force to examine the idea and provide soft loans to eligible students if necessary to help them pay the increased fee.
According to a report, the committee has on board MM Sharma and Anil Kakodkar, the chairmen of the IITs, Madras and Bombay, director, IIT-Bombay, Devang Khakhar, director, IIT-Guwahati, Gautam Barua and IIT-Madras faculty, Ashok Jhunjhunwala.
The Kakodar committee has justified a hike in fee for under graduate students, arguing that the institutes should be able to collect per-capita operational cost from them instead of depending on government grants.
According to sources, IIT officials feel a hike in fee is inevitable as the government cannot subsidise it for all section of students. Talking to media, Director of IIT-M- Prof Bhaskar Ramamurthi said, the soft loans will be provided financial assistance to those who are unable to afford the fee.