New Delhi: The HRD Ministry said on Sunday that the recent hike in fees for M.Tech courses at Indian Institutes of Technology will not impact existing students. It said the hike will be applicable on fresh admissions only and “needy students” will be provided necessary financial support. “There is no fee hike for the existing students. For new admissions, hike will be gradual over a period of three years or more, as will be decided by the respective Board of Governors of IITs,” the HRD Ministry said. “All concessions and scholarships for SC/ST/OBC and others will continue without change. The fee hike will discourage non-serious students, who after a few months of stay in IITs, leave the programme midway to take up employment or to prepare for competitive exams,” it added. (PTI)