IIT fee hiked to 2 lakhs per year

Today HRD minister Smriti Irani took two decisions

1.    Making education in IITs free for SC/ST and physically  challenged 

2.    Increasing fee for IITs from 90 thousands to 2 Lakhs

Regarding first decision I would like to say that it is investment on uplifting the poor and if 2000 SC/ST students are studying in IITs then it will cost 2000x2 Lakhs = 40 crore per year. If only 50% of this goes to deserving candidates then also I will say that it is right investment. With kind of budget we are having for union of India it is a very small amount. With this investment we are not lowering standard of education like in case of reservation. We are uplifting standard of education by investing some money. Giving grant to students of most premier institutions of our country will take our country forward.

Now regarding second decision I would like to say that many of engineers produced by IITs takes jobs abroad and don't repay investment done on them by paying income tax in India. Smriti Irani has also said that all general candidates can apply for an interest free loan for paying the fee and that too without any collateral. It means any student deserving admission in IIT can walk into any bank with his/her report card and walk out with a loan for his/her education. If this is reality then the students of IIT will at least repay cost of education before leaving India and starting enriching a rich country's coffer with their income tax. On deserving candidate will be at disadvantage because getting a loan is as easy as walking in with his/her report card and walking out with loan approved. If it is really true.