Prime Minister Narendra Modi’s move of demonetization to curb black money is likely to have a tremendous impact on those private medical colleges which have survived on cash from students in cases of seats under the management quota. Bundles of Rs 1000 and Rs 500 Cash lying on account of capitation fee, certainly stands invalid with the PM’s masterstroke.
Reacting to the demonetization move of the government of the Rs. 500 and Rs. 1000 notes, the medical community at large have welcomed the attempt. On the front of medical education, both heads of Institutions as well as students have hailed it as an important step towards denting corruption in the admission process.
Following the introduction of NEET this year, a phenomena, that blocked the avenues of capitation fee in medical colleges; now the country is witnessing demonetization of Rs 500 and Rs 1000, which seems to have curtailed the escape routes for those who have been lying with the so called “capitation cash”.
The move of demonetization has indeed been welcomed by medical teachers and students alike.
Vice Chancellor, Datta Meghe Institute of Medical Sciences (DMIMS), speaking to TOI as head of a medical institution also hailed both NEET and demonetization as systems that would devour capitation for ever. He said that the exam had resulted in complete transparency as merit had taken priority over donation.
Parents have also come out speaking of demonetization in favorable light as they would no longer be faced with the menace of having to pay capitation fee for the wards with first NEET and now demonetization getting implemented .
The overall student reaction continues to remain positive to the demonetization move as a majority of the students expressed relief over demonetization leading to a positive outcome on admissions.
While many students have complained in general about the inconvenience that they would face in terms of fees and day to day expenses, students community have hailed the decision, for long term cleaning up of the system.“It will now become difficult to pay donation money charged by many private colleges for medical seats in the country,” said one with a sigh of relief.