Review of policies on medical colleges likely

Staff Reporter

Funds crunch hits cooperative medical colleges

ALAPPUZHA: The State government might have to think in the future about changing its policies on medical colleges in general, given the losses faced by the cooperative sector on this account, Coir and Cooperation Minister G. Sudhakaran said here on Thursday.

Inaugurating the State-level valedictory function of the All India Cooperative Week celebrations here, the Minister said the financial losses accrued by the Pariyaram Cooperative Medical College on various counts had touched Rs.10 crore while the loss for running the Cochin Cooperative Medical College was Rs.7 crore.

This was because the colleges were charging only State-prescribed fees, from which all the running costs including salaries had to be met.

This is turning out to be insufficient and money had to be pumped in from the State’s kitty, which will be accounted as loss made by the colleges.

Though the Cooperative Department had introduced Cooperative lotteries to earn some revenue, it was not enough. However, the department would not allow the losses to affect the running of the colleges. One way out was for the government to think in the future about changing the policies for medical colleges in general, he said.

Mr. Sudhakaran said the total deposits with the cooperative sector till date was Rs.40,865 crore, in comparison with the Rs.22,000 crore that it had when the LDF government came to power 30 months ago.


Cooperative banks had this year doled out agriculture loans for the paddy sector to the tune of Rs.101 crore. The Minister, who said ‘Little Triveni’ stores would be opened in all panchayats in the State, also informed that the cooperative department would take up marketing of around 15 herbal medicines produced by cooperative societies. State Cooperative Union chairman E. Narayanan presided over the function. Rani George, Registrar (Cooperative Societies), C.B. Chandrababu, president, Alappuzha District Cooperative Bank and others were present.

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