![IIT Mandi- Indian Institute of Technology - [IITM]](https://image-static.collegedunia.com/public/college_data/images/logos/1509514767Logo.jpg?h=71.7&w=71.7&mode=stretch)
IIT Mandi offers a comprehensive scholarship and financial aid system catering to various categories of students. SC/ST and female students receive a full tuition fee waiver, only needing to cover hostel and mess fees. General and OBC students with an annual family income below 1 lakh INR also benefit from a 100% tuition fee waiver, while those with incomes between 1 lakh and 5 lakhs INR receive a 66% waiver.
The Merit-cum-Means (MCM) Scholarship is available for general and OBC students, offering a full tuition fee waiver and a stipend of 1,000 INR per month, aimed at the top 25% of students in each branch. Loans are facilitated by SBI and PNB banks, available primarily during the first two years of study. Approximately 40% of students avail scholarships, with specific schemes like the Kotak Kanya Scholarship for first-year female students and the Reliance Foundation Scholarship.
Furthermore, students can engage in campus employment, like teaching assistantships, earning 7,000 to 8,000 INR per semester. The average B.Tech fee is around 8.61 lakhs INR, with an average placement package of 12.75 LPA, making the educational investment worthwhile. For detailed information on eligibility and application processes, prospective students are encouraged to visit IIT Mandi's official website.
Comments