IMRO Fee Structure for PRM Programme
Costs for students are kept low through cross-subsidisation, with the aim of helping them serve the needs of the challenging rural sector more effectively. The total programme cost over the period of two years (inclusive of tuition fee and service charges) is estimated to be about Rs. 4 lakh. IRMA has a cooperative mess, which is governed and managed by students. Students also frame and implement the rules and regulations of the mess. They share the cost of boarding equally.
IRMA has several prestigious scholarships for deserving students, which are mentioned below:
IRMA Fellowship: IRMA revised the provisions of IRMA Fellowship since 2008-10 batch. Only those students who get a monthly gross salary that is less than the decided minimum gross salary will be eligible to receive the IRMA Fellowship (provided they join the organizations that are eligible for the purpose of the fellowship). The amount of the IRMA Fellowship to an eligible student will be equal to the difference between the actual amount of his/her gross salary and the decided minimum gross salary. The recipient of IRMA fellowship may get a maximum of Rs. 3 lakhs during the course of 3 years.
AMUL Fellowships: The Gujarat Cooperative Milk Marketing Federation (GCMMF) has instituted 15 AMUL Fellowships for PRM at IRMA. The objective of the AMUL Fellowship is to provide financial support to PRM students and to encourage them to work in farmers’ cooperative organizations. The total value of the fellowship is Rs 1,00,000/-. It is awarded during the second year of the programme, and is based on merit-cum-means standards. For the purpose of assessing merit, the applicant’s performance during the classroom terms I to IV of the programme is considered. Recipients of the AMUL Fellowship are required to serve for at least two years in farmers’ cooperative organizations after completing the PRM.
Scholarships from Sir Ratan Tata Trust: Sir Ratan Tata Trust offers about five scholarships every year to second-year students based on merit. The scholarship covers a part of the fees during the second year, subject to a ceiling of Rs 50,000/-. The number and amount of the scholarship are approved by the trust on a year-to-year basis.
Scholarships for SC/ST Applicants: More than 15 scholarships covering the entire costs of education of SC/ST applicants are available at IRMA. The Ministry of Social Justice and Empowerment, Government of India has allocated ten scholarships to IRMA for SC/ST students. The scholarship covers fees, non-refundable charges, lodging and boarding expenses, and cost of books, stationery, and personal computer (http://www.socialjustice.nic.in). The Ministry of Tribal Affairs, Government of India has allocated five scholarships to IRMA for ST applicants. The amount of the scholarship covers tuition fees, boarding and lodging expenses, book grant, and a one-time grant for the purchase of a personal computer (http://www.tribal.nic.in). The National Dairy Development Board also offers some scholarships to SC/ST applicants for both the years of PRM.
Educational Loans: Educational loans are available from various banks. The State Bank of India, Anand and Central Bank of India, Anand provides educational loans at a lower interest rate and without any collateral to applicants enrolling at IRMA.
Fee Exemption: IRMA firmly believes that no one should be deprived of education for lack of financial resources. Hence IRMA is open for providing financial assistance to meet the PRM tuition fees of extremely poor applicants.
Bridge Fund: A fund of Rs. 10 lakhs has been set aside by the Institute for the students having economic deprivation to bridge the gap between the dates of payment of IRMA and the disbursement of payment from different financing option (e. g. Bank loan, SC-ST fellowship, fee waiver scheme of IRMA etc.)
IMRO Fee Structure for FPRM Programme
Fellowship: Every FPRM participant receives a fellowship of Rs. 14,000/- per month till they clear the Comprehensive Qualifying Examination and then Rs. 16,000/- per month and a contingency grant of Rs. 20,000/- per year for a period of 4 years. The fellowship and contingency grants are assured for four years; in deserving cases and subject to availability of funds they may be extended for the fifth year.
Programme Fees: Tuition fee is waived for all participants. Only Fees are deducted from the Fellowship amount on account of hostel accommodation, computers, network services and internet.