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Scholarships / Financial Assistance / Fee Refund Rules : IIST
  • 11:23 PM, Friday, 15 Dec 2017

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.)
1 Tuition Fee 20000/-
2 Hostel and dining charges 14400/-
3 Establishment Charges 8000/-
4 Student Amenity Fee 4000/-
5 Medical Fee 2000/-
Total Rs.48400/-

 

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.

  • Research scholars selected for IIST Ph.D. programme with Post Graduate (PG) Degree in Basic Science with NET or equivalent qualification OR Graduate Degree in Professional Course with NET or equivalent qualification OR Post Graduate Degree in Professional Course will receive a Fellowship of Rs.25000/- per month.
  • After two years of research experience, their performance will be evaluated by a review committee. Based on the review, the fellowship amount may be enhanced to Rs.28000/- per month.
  • The scholars will be required to assist the Departments in tutorials / practicals or related academic activities normally limited to 6 hours per week
  • The scholars will have to pay for the services provided by the Institute like boarding / lodging / medical facilities etc., as per IIST rules.