The Indian Institutes of Management on Sunday reached a consensus on a fee structure.

Directors of the six IIMs met in Ahmedabad to discuss the standoff arising out of the previous National Democratic Alliance government's decision to reduce fees from Rs 150,000 to Rs 30,000, and unanimously adopted a resolution for scholarships for needy students.

The IIM Controversy: The Full Coverage

"Based on the consensus that emerged, we have prepared a proposal, which will be discussed with secretary, HRD ministry, on June 8," IIM, Ahmedabad Director Bakul Dholakia said.

"The proposal will subsequently be presented to the respective boards of the six IIMs for their consideration and approval," he said.

Dholakia and his counterparts parries questions on whether a uniform fee structure was the eventual outcome of this issue and if it was part of the proposal.

Dholakia said the IIM-A board would meet on June 19 to consider and approve the proposal.             

All aspects of the problem, and "concerns of the ministry, institutes and boards... everything has been discussed and the proposal is based on an overview of all these aspects," he said.

The directors acknowledged proposing the need for scholarships for needy students but refused to divulge any more details.

Asked if the "younger" IIMs would be able to bear the burden of scholarships and if they had sought any government help, IIM- Lucknow Director Devi Singh said, "This was part of the proposal and that it was one the issues where there was consensus."

Asked whether the "differences" between the institutes had been sorted out, the IIM directors said there was consensus on all the issues among them.

When IIM-Indore Director S P Parashar was asked whether he would abide by the ministry's decision on the fee structure once the proposal was given or would he await the Supreme Court's decision on the matter, he said, "It has been clarified in our previous statement that the institute would implement the government's decision based on the apex court's directive."

The board meetings will be held on June 19 (IIM-Ahmedabad), June 23 (Lucknow), June 21 (Bangalore), June 18 (Calcutta), June 19 (Kozhikode) and June 14 (Indore), the directors announced.