The reputed Indian Institute of Management, Lucknow (IIM L) will be increasing its fee by 10% in the academic session beginning from 2017.
The confirmation was given by the new director Ajit Prasad who stated that they are only going back to the 2013 fee structure after which it had reduced the fee by 10%.
Earlier the NDA government had asked for a big cut in the fees of IIMs but it was withdrawn because of the resistance received from all corners. Lucknow was the only institution amongst other IIMs that reduced its fee by 10% nine years later.
The institution has specified that no student would be turned away due to paucity of funds and that the institution will assist the economically weaker sections. The new director added that the management institute would be supporting local entrepreneurs in the manufacturing industry in order to give a boost to the Make in India concept.
Prasad also stressed on the essential part of gender diversity on campus stating that the number of girls for the course should increase. In fact, his suggestion was that there should be at least 40% girls in the classroom.
The director opined that teaching, consulting as well as management development are connected and wants to bring out the concept of ‘scholar-in-residence’, a concept favourite with universities abroad where prominent academics are invited to the campus for a single term to interact with students and faculty through workshops and seminars.
The new director envisaged IIM Lucknow as a world-class institution having transparency in all spheres of governance.