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Kerala
Proposal to convert government loan into shares Plan to start 17 new colleges in cooperative sector KANNUR: Cooperation Minister G. Sudhakaran has said that the governing body of the Kerala State Co-operative Hospital Complex and Centre for Advanced Medical Science (KSCHC & CAMS) that controls the Academy of Medical Sciences (Pariyaram medical college) has decided to seek an annual grant of Rs.10 crore from the State government to reduce the cooperative society’s financial liability to conduct the courses. The Minister, who is also president of the academy, told reporters on the medical college campus here on Thursday that the society was currently shouldering Rs.16 crore every year to conduct the courses by levying fees not higher than the those fixed by the government. The academy had to bear an additional expenditure of Rs.10.72 crore for conducting the MBBS course, Rs.3.65 crore for BDS, Rs.1.12 crore for B.Pharm. and Rs.99 lakh for B.Sc. Nursing course, he said adding that the annual grant of Rs.10 crore alone could help the institution offer the courses. Mr. Sudhakaran said that there was a proposal for converting the government loan to the medical college society into shares to curtail the loss. The governing body also decided to demand deemed university status to the medical college. He said an international medical seminar would be held on the college campus in August. Mr. Sudhakaran also announced that 17 new professional colleges would be started in the cooperative sector. Earlier the Minister inaugurated the convocation function of the first batch of the B.Sc. Nursing course at the medical college.
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