IIM is not justifying with the economically weak but meritorious students. It is revealed by a penal constituted by the ministry of Human Development and Resources in its recent report. The penal raised fingers on the admission guide lines followed in various IIMs.

It has demanded some concessions for the meritorious students. IIMs should revise their policies regarding scholarships and fees structure for economically backward students.

The former chairman of Maruti Udyog Ltd, Mr. R C Bhargava said that norms should be revised for scholarships, fellowships, free ships and other forms of financial assistance given to students for admissions in top management institutes of the country.

The penal submitted its final report to union HRD minister, Arjun Singh on Friday. The contents of the report are not released but it is expected to available in the website of HRD very soon.

The ministry had earlier constituted review penal such as H P Nanda IIM review committee (of 1979) and V Kurien's second IIM review (1991) but their recommendations are still laying under the files of HRD department.