However, the Ministry is of the view that a revenue model needs to be worked out before any further discussion on fee hikes and concessions.
"Institutes had complained that they were not making any revenue despite multiple grants from the Ministry. It is important to have a revenue model to increase the component of self-sustenance in the functioning of IITs," a senior official told PTI.
"Right now what we are deciding is based on perceptions. The Minister proposed during the meeting that there is need for real data to show how things need to change. There is no revenue model, the IITs take money but have no idea how much money they will have next year, the policies keep changing," he added.
The IITs have been asked to submit data of the fees charged, revenue collected, expenditure, fee concessions and loans.
"They have also been asked to submit their analysis of the data and draft of a revenue model which has suggestions on various factors including what kind of loan system needs to be built, who will pay the interest, what will be the interest component, for what time the loan should be interest-free and what should be the recovery options," the official said.
HRD Minister Prakash Javadekar had assured IIT directors in last August of reviewing the decisions of hiking tuition fees by 122 per cent and giving financial concessions to special category students, taken by his predecessor Smriti Irani.
There was also a proposal for replacing the fee waiver with reimbursement by either the HRD Ministry or the Ministry of Social Justice and Empowerment.
It has also been recommended by IITs that students from the economically backward sections should be given interest- free loans instead of full or partial waiver.
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