Thiruvanatharpuram: The state government is likely to take charge of Pariyaram Medical College by appointing a special officer on November 1 after dismissing the present administrative committee. The 2 options that the government has the choice of exercising are: converting the institution into an autonomous body like the Regional Cancer Centre or take over the responsibility of running the college.
Deccan Chronicle reports that the government has already begun shouldering the loan payoffs by initiating clearance of liability, especially, that of the loan taken from Hudco.Having worked out an arrangement, the government will be paying Rs 262 crores in two years.
The actual amount taken in 1997 was Rs. 46.5 crore, however, the presently increased sum is the result of accumulated principal and interest, due to default in payments.
Initially, Hudco had asked for Rs 700 crore through court, till an agreement was reached with the government, with the company asking for Rs. 50 crore as the initial installment payment and the remaining fixed sum of Rs 262 cr to be paid as installment within 2 years, say sources
Established in March 1993 by CMP leader M.V. Raghavan the college was developed on land gifted by industrialist Samuel Aaron for establishing a T B sanatorium in the government sector. A take over though announced in 2013 by the UDF government did not materialize. The government take over implies a 100 more seats in the government quota and fee in accordance with the government fixation.
With 39 postgraduate seats 10 have yet to receive sanction from the Medical Council of India, sources added reports Deccan Chronicle.