Financial Assistance
Financial assistance will be provided, as per the guidelines decided by the IIFM, initially for four years (three years for IIFM graduates), extendable by one year. Currently, each selected student will be givena monthly fellowship of Rupees 12,000 ( Twelve Thousand) for the first and second year, Rs 14,000 (fourteen thousand) in the third and fourth year and for extended one year (if applicable) and an annual contingency grant of Rs. 20,000 per year mentioned in the brochoure. However this assistance is not available to sponsored candidates. No other financial benefits from IIFM can be given to the students, like from research projects or centres of the IIFM or from outside.
Hostel and Alumni Membership Fees
The students have to pay hostel rent (if hostel facility is provided), mess charges and alumni membership as decided by the IIFM from time to time. The mess charges will be on actual basis. Presently, the mess is run by the students themselves.
