MCI gives a go ahead to Corporate Medical Colleges

Read Also: Private Companies to be allowed to set up medical Colleges in India

"Many private institutions are anyway making profit through non-transparent and illegal means. If we legalise corporates they would charge a very high fee, but they will be forced to pay income tax," said Coimbatore based laprascopic surgeon L P Thanagavelu, a member of the MCI, who was present at the meeting. "There were many recommendations from the members on how this could be done, but a majority thought it was a good idea. Some of them recommended that a portion of the seats in these institutions should go to students from economically weaker sections or to merit students entering private colleges through the state quota," he informed the daily. Members were of the general opinion that the move would facilitate further investments in medical education to create better infrastructure and human resources and create world class institutions in the country.

Earlier Niti Ayog  had also made a recommendation in the form of permitting for-profit entities to establish medical colleges.

Read more at Medical Dialogues: Corporate Medical colleges soon to become a reality 

However, there have have been many who raised concerns on the efficacy of the move. Muslim Educational Society president P A Fazal Gafoor to TOI said it would be impossible for the council to have two systems of ownership."Already we have trusts and societies running 'not-forprofit' colleges. They were not paying income tax and accepting donations? What will happen to them? Should we allow them to be converted into profit-making companies? It is sad that such recommendations should come from the centre," he said.Until now, the MCI had permitted companies that make no profit to start medical colleges, but no companies came forward, he added.