NIEC Delhi fee structure details for 2021 have changed a little bit from the last year because of the prevailing pandemic and other conditions. However, the figures between the old fee and the new NIEC (MBA) fee don't differ by much. Additionally, scholarships and loan facilities as per AICTE are available to students of the NIEC Delhi course to make education here even more accessible.
Here is the detailed break-up of the old NIEC Delhi fee structure for the academic year 2019-20:
Year of Admission | Tuition fee | University Fee | Security Fee | Student Activity fee | Total |
2019-20 | ₹1,08,900 | ₹12,000 | | ₹1,000 | ₹1,21,900 |
The following table shows the detailed break-up of the latest NIEC Delhi fee structure for the academic year 2020-21:
Year of Admission | Tuition fee | University fee | Security fee | Student Activity fee | Total |
2020-21 | ₹1,08,900 | ₹15,000 | ₹5,000 | ₹1,000 | ₹1,29,900 |
As you can see, in the most recent academic year, a fee for student security has been added. Additionally, the university fee has been increased by a sum of ₹3,000, which makes the entire first year of the NIEC Delhi course cost around ₹1,29,900.
The good news is that the NIEC Delhi fee is quite manageable for all students alike because the college recognizes government scholarships. Here are a handful of government scholarships that students can avail of for professional postgraduate courses such as NIEC (MBA):
- The government of India's University Grants Commission (GoI UGC) sets apart a scholarship of ₹3,100 per month for two years for students who secure the first or the second positions in their respective universities in the undergraduate programme.
- The Ministry of Minority Affairs provides Merit Cum Means Scholarship is applicable to students with a family income of less than ₹2,50,000 per annum and a minimum of 50% aggregate in undergraduate studies.
Another way to cover your NIEC (MBA) fee is to take out an MBA loan from one of the many public or private sector banks. One thing to note is that the interest rates on education loans for MBA differ according to:
- The bank that issues the loan
- The reputation of the institute you have applied to.
Here is a brief account of the MBA loans for NIEC Delhi admission available to you:
Bank | Loan Amount | Interest % | Processing Fee |
State Bank of India | Up to ₹1.5 Cr | 6.85 to 8.65 | ₹10,000 + tax |
ICICI Bank | Up to ₹10 lakh | 10.5 and upwards | Variable |
Punjab National Bank | Up to ₹15 lakh | 7.3 onwards | 1% of the loan amount |
Union Bank of India | Needs-based finance | 6.8 to 10.05 | Not applicable for Indian students. |
Axis Bank | Up to ₹7.5 lakh | 13.7 to 15.2 | Nil to ₹15,000 + tax |