Modified provisions on providing performance-based financial assistance as per the approval of the Agenda–3 of the meeting of Governing Council (GC) of IIST held on November 20th, 2015 at ISRO Head Quarters, Bangalore
IIST provides financial assistance funded by the Department of Space (DoS, Government of India) for students admitted to UG (B.Tech and dual degree) programmes. The assistanceship (per semester basis) covers the expenses viz. Tuition fee, Students Amenity fee, hostel and dining charges, Establishment charges and medical expenses as given below:
Student Semester Fee/Assistanceship for UG students
|Sl. No.||Item||Amount (Rs.)|
|2||Hostel and dining charges||14400/-|
|4||Student Amenity Fee||4000/-|
An Book allowance of Rs. 3000 per semester is also provided, which is reimbursed on purchase of text books.
In effect, when the candidate joins IIST for any undergraduate programme, all the above fees/expenses are borne by the Institute, for the first semester. Hence the candidate does not have to pay any fee to the institute at the time of admission to IIST. From the second semester onwards, the above full assistanceship will be continued only if the student secures the following category-wise minimum prescribed Grade Point Average (GPA) in the previous semester, as described below:
For GENERAL and OBC category: From the second semester onwards, the full assistantship will be continued for the current semester only for those who secure a minimum Grade Point Average (GPA) of 7.5 (on a scale of 10) in the previous semester. The GENERAL and OBC category students who score less than 7.5 GPA in the previous semester has to remit to the Institute, all the above pre-notified fees (Rs. 48400/-) for the current semester.
For SC/ST and PD category: From the second semester onwards, the full assistantship will be continued for the current semester only if they secure a minimum GPA of 6.5 (in a scale of 10) in the previous semester. The SC/ST and PD category students who secure a GPA of 5.5 and above, but less than 6.5 (in a scale of 10) in the previous semester have to remit Rs. 28400/- (ie. all the above pre-notified fees except the Tuition fee) for the current semester. The SC/ST and PD category students who secure a GPA of less than 5.5 (in a scale of 10) in the previous semester have to remit the entire pre-notified fees(Rs.48400/-) for the current semester.
Students will be given scholarship as per UGC/MHRD norms.