Human Resource Development Ministry has come out with a subvention scheme to ensure that students of IITs, whose fees were hiked recently, can secure interest-free loans. <br/><br/>According to an order issued by Mr Prakash Javadekar-led Ministry, the facility will be made available to all the students whose household income does not exceed 9 lakh rupees per annum. <br/><br/>Officials said that the scheme will only cover the tuition fee and the subvention of interest will be applicable maximum for a period of five years. <br/><br/>They said the government wants that students and their parents do not face any hardship after recent increase in the fee from Rs 90,000 to Rs two lakh per annum. <br/><br/>However SC, ST, the differently abled and economically backward sections were provided waivers. The fee hike comes into effect from this academic year, when the new batch joins.