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.
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.