Fees and Financial Aid:
For General category (my category), the overall fees are quite affordable.
Each year the total fee comes around 5,000.
This includes:
Tuition Fee: 2,000
Registration/Admission Fee: 800
Development Fee: 700
Lab/Library Fee: 500
Caution Money: 500 (one-time, paid in 1st year)
Other compulsory charges: 500 (exam forms + university charges)
Total for 1st Year: approx. 5,500
Total for 2nd & 3rd Year: approx. 5,000 per year
There is no major increase in fees every year; the amount remains almost the same.
2. Fees Paid by My Batchmates (Other Categories)
SC / ST Category:
Total yearly fee is around 3,000 – 3,500
They get some concessions in development and tuition fees.
Management / Other Quota Students:
Their yearly fee goes 7,000 – 8,000 depending on the college under LNMU.
Additional development and admission charges are higher.
3. Scholarships Available
LNMU students get access to multiple government scholarships. Some popular ones for B.Com students include:
(A) Merit-cum-Need Scholarship
If a student has 80% or above in 12th, they receive:
12,000 per year for all 3 years of graduation
This is the most common scholarship, and many students from my batch have received it.
(B) Post Matric Scholarship (for SC/ST/OBC/EBC)
Amount varies from 2,000 to 10,000 per year
Depends on the student’s category and family income.
(C) College-Level Merit Scholarships
A few colleges under LNMU give 3,000 – 5,000 per year to toppers or rank holders.
4. Total Course Fee (For Complete 3 Years)
General Category: approx. 15,000 – 15,500
SC/ST Category: approx. 9,000 – 10,500
Management Quota: approx. 21,000 – 24,000
Since fees do not increase significantly, the total remains almost constant for all 3 years.
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