Ahmedabad, Mar 26: The Indian Institute of Management Ahmedabad (IIM-A) has hiked its fees for the post-graduate program (PGP) in management to Rs 22 lakh from Rs. 21 lakh for the year 2018-20. IIM-Ahmedabad’s Director Prof. Erol D’Souza divulged the information while talking to reporters during the institute’s 53rd convocation, reported the Press Trust of India. He said the IIM-Ahmedabad Board decided to increase the fee after it met on Sunday. Prof. D’Souza said that in line with inflation, the fee was being raised by five per cent. While the new fee for PGP program will be Rs. 22 lakh for two years, there will be also a five per cent increase in PGPX (Post Graduate Programme for Executives) fee too, he added.Also Read - After IIT Kanpur, IIM Ahmedabad Turns New COVID Hotspot? 67 People Test Positive on Campus in Last 10 Days

The PGP in management is a full-time two-year course and is one of the toughest MBA programmes in the world to get admission into. Admission to this premium course is through the nationally administered Common Admission Test (CAT), and subsequent rounds of personal interviews. CAT scores, past academic performance, and performance in the interviews determine the selection of a candidate. The objective of the PGP program is to turn young men and women into capable professionals who would be adept in working in any sector and also help individuals achieve excellence in performance while imparting welfare to the society at large. Also Read - CAT 2021 Results Announced at iimcat.ac.in: Engineers Dominate Toppers List, 9 Candidates Get 100 Percentile

IIM Ahmedabad had its 53rd Annual Convocation on March 24, 2018, at the Louis Kahn Plaza, IIM-A Main Campus, Ahmedabad. It is on the sidelines of the event that the announcement regarding fees was mentioned. In his convocation address, Prof. D’Souza said the diversity of the IIM-A campus can be gauged from the fact that the PGP-FABM course had at least 45% of non-engineers. Also, gender diversity was observed on the campus. The PGP course saw 28% women join the programme in 2017 – an increase from the 14% figure of 2015. Also Read - CAT Result 2021 Likely to Release Today on iimcat.ac.in | Here's How to Download