The Indian Institute of Management-Ahmedabad on Sunday announced a 12 per cent fee hike for its two-year post-graduate programme.

"The IIM-A has decided to hike its fees for PGP by 12 per cent," the premiere B-school board's chairman N R Narayanmurthy said after a meeting of the board of directors.

"The IIM-A board of directors have decided to increase the fees for the PGP courses from Rs 1.58 lakh per annum to Rs 1.77 lakh", Infosys [Get Quote] chief mentor Narayanamurthy said.

"This fee hike, however, would not affect the students from the lower income group who come to study at the IIM-A from across the country," he said in the presence of the institute director Bakul Dholakia.

IIM-A would also raise the amount for scholarships for students from lower income groups, he added.

State government representative in the IIM-A board Hasmukh Adiha was also present at the meeting.

In the last three years, the institute has maintained its fees at Rs 1.58 lakh, stated to be highly subsidised, and it was just about time that IIM-A also hiked its fees like IIM-Chennai and IIM-Lucknow.

IIM-Calcutta also has decided to hike the session fee for post-graduate programmes from Rs 1.5 lakh to Rs 1.75 lakh.

The move was taken to usher in a common fee structure of all the IIMs in the country, sources at the institute said.

The decision taken by the board of IIM-C, at a meeting on Friday would be implemented from the next session, the sources said.

Meanwhile, IIM-Indore has already hiked its post-graduate programme fees from Rs 1.25 lakh to Rs 1.5 lakh.