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While the total government funding to most other engineering colleges is around ₹ 100–200 million ($2–4 million) per year, the amount varies between ₹ 900–1300 million ($19–27 million) per year for each IIT. [47] Other sources of funds include student fees and research funding from industry and contributions from the alumni.
The 3rd convocation of IIT Patna was held at the permanent campus in Bihta on 6 August 2015. 325 BTech, MTech and PhD students received degrees. Boeing India president Pratyush Kumar was the chief guest on the occasion.
The salary of the three-tier Professors with Academic Grade Pay (AGP) has been fixed by the 7th Pay Commission of 2016. Assistant Professor: Rs 57,700-211,500 (Pay level 12, Cell 1), total amount: Rs 101,500/- per month [4] Associate Professor: Rs 131,400-218,200 (Pay level 13 A2, Cell 1), total amount: Rs 189,600/- per month [4]
The faculty-to-student ratio in the NITs is between 1:7 and 1:9. The cost borne by undergraduate students is around ₹ 250,000 (~$3600) per annum. [19] After students from SC and ST categories, physically challenged students will now be the beneficiaries of fee waiver at the NITs in India.
In 1992, Kumar began teaching mathematics. [10] [11] He rented a classroom for Rs. 300 per month, and began his own institute, the Ramanujan School of Mathematics (RSM).[10] [15] Within the span of year, his class grew from two students to thirty-six, and after three years almost 500 students had enrolled. [10]
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The GATE is used as a requirement for financial assistance (e.g. scholarships) for a number of programs, though criteria differ by admitting institution. [2] In December 2015, the University Grants Commission and MHRD announced that the scholarship for GATE-qualified master's degree students is increased by 55% from ₹ 8,000 (US$96) per month to ₹ 12,400 (US$150) per month.
IIT Kanpur is the first academic institution in the country to provide such a service. [13] [14] [15] The estimated charges are Rs. 6000 (US$100) per person. If anyone would like to avail the facility, he/she has to contact the Student Placement Office (SPO) at IIT Kanpur, since the helicopter service is subject to availability of chopper rights.