The Indian Institute of Management-Ahmedabad on Saturday said it would raise the amount of need-based scholarship from Rs 250,000 to Rs 1 crore (Rs (10 million), while the fee-structure would remain the same as last year.

Need-based scholarship has been raised four times to accommodate more number of students and the fees structure would remain the same as last year which is Rs 150,000, Chairman of IIM-A N R Narayana Murthy told reporters emerging from a meeting in Ahmedabad.

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