Private Self-Financing Colleges To Forgo Bank Guarantee : Vijayan


THIRUVANANTHAPURAM:  Kerala Chief Minister Pinarayi Vijayan  appealed to private self-financing medical colleges in the state to admit students by charging the pre-fixed fee of Rs. 5 lakh and forgo bank guarantee. The chief minister said the government has already appealed to the banks not to insist on collateral security, margin money and third-party guarantee from medical aspirants.


The Supreme Court in its ruling yesterday had allowed self-financing medical colleges in Kerala to charge students Rs. 11 lakh as annual fee, including Rs. six lakh as bank guarantee. Mr Vijayan made the appeal in the wake of mounting anxiety among students and their parents over the apex court order.

"Other private self-financing institutions should also cooperate, considering the plight of the students in this regard. It is a fact that economically backward students cannot afford to pay this fee," Mr Vijayan said. "The government is with the students and their families who are suffering after the verdict," he said adding, it would take all possible measures to ensure that meritorious students do not lose a chance to study at medical colleges. The Chief Minister said the apex court had asked the state fee regulatory committee to fix the fees. He said four medical colleges under the Christian managements and Pariyaram medical college in the cooperative sector had already informed the government that they would not insist on bank guarantees.