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IITUnion Human Resource Development Minister Smriti Irani on Thursday approved over two-fold hike of Indian Institutes of Technology (IIT) fees from the present Rs. 90,000 to Rs. 2 lakh.

A proposal for such a hike in annual fees was approved by IIT panel last month.

Sources added, fee of SC, ST, disabled students and students belonging to families with annual income below Rs 1 lakh will be waived.

On Wednesday, the HRD minister promised a fee waiver for all SC/ST, Dalit and physically challenged students of the 23 branches of Indian Institute of Technology (IIT).

Irani said the move will benefit nearly 50% of the 60,471 students enrolled in the country’s premier technology institutes.

(With agencies input)