Interest fee

AICTE recommends minimum fees for BTech/BE courses

New Delhi: The Justice Srikrishna Commission report which recommends fixing the minimum annual fee for self-funded BTech/BE courses at Rs 79,000 up to Rs 1.89 lakh has been approved by the executive committee of the All India Council of Technical Education. This was entrusted to the Ministry of Education.

The final decision could only be made after obtaining the approval of the central ministry and the state governments. Recommendations like this have also been made for various other courses.

AICTE is reorganizing its fee structure almost after seven years. This time, minimum fees were also recommended. In 2015, AICTE had set the maximum fees at Rs 1.44 – 1.58 lakh for BTech/BE courses. Last year, fees in Kerala were below these amounts. There are four types of tuition at colleges operated by the Self-Financing Engineering Colleges Managements Association. Rs 50,000 was the fee for the stipulated number of government seats and Rs 75,000 for the rest. Meanwhile, the charge for executive seats was Rs 1.20-1.24 lakh and Rs 1.75 lakh for NRI seats.

In colleges run by Catholic managements, a flat fee of Rs 75,000 was charged for all seats except NRI seats. Also, Rs 1 lakh was to be paid in interest – minus the deposit. For NRI seats, the annual fee is Rs 4.4 lakh ($6,000). The same fee structure was also followed in the autonomous colleges. The three-year fee contract between the Catholic Directions and the government is also valid for the upcoming academic year (2022-23).