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AICTE approves maximum annual fees structure to private educational


AICTE approves maximum annual fees structure to private educational institutes from the next academic session

 

Many private educational institutions, business schools, and engineering colleges operating with the All India Council for Technical Education’s (AICTE) approval will have to lower their fees to comply with a national committee’s recommendations.
The AICTE made it mandatory in February to implement proposals of the National Fee Committee, a 10-member panel headed by former Supreme Court Judge BN Srikrishna, which was formed in 2014 to prescribe fee guidelines for technical institutions. The panel submitted its report last August.
AICTE chairman Anil D Sabasrabudhe directed all the states to put into practice proposals in the report from the next academic session.
Institutions failing to comply with the recommendations will face legal proceedings and cancellation of its AICTE approval, an official in the Union human resource development ministry said. “Such institutions may even be forced to shut down.”
The AICTE accepted the committee’s recommendation that the maximum fee for a two-year MBA programme course be fixed at Rs 1.57 lakh and Rs 1.71 lakh a year, depending on the location of the institute.
The report prescribed caps on tuition fees and related funds charged by institutes for engineering, management, pharma and technical courses. But autonomous and accredited institutions will be allowed to charge an additional 10% and 20% tuition fees respectively.
IITs will not be affected by the move as they do not require the AICTE’s approval.


Prescribed the maximum annual fees are
1) Fixed the maximum (tuition and development) for a two-year MBA course between Rs 1.57 lakh and Rs
    1.71 lakh per year, depending on the location of the institute.
2) Upper limit for a four-year engineering degree (BE or B Tech) fixed in the range of Rs 1.44 lakh and Rs
    1.58 lakh per year.
3) Prescribed the maximum annual fees for technical courses such as B Arch (Rs 2.05-Rs 2.25 lakh), B
    Pharma (Rs 1.41-Rs 1.55 lakh), MCA (Rs 1.57-Rs 1.7 lakh) and M Tech (Rs 2.31-Rs 2.51 lakh),
    among others, depending on the location of the institute.
4) Autonomous and accredited institutions are allowed to charge an additional 10% and 20% tuition fees
    from students respectively.