There will be a steep fall in revenue if government fees is introduced for courses including MBBS offered by the Cooperative Medical College (CMC), according to the Asset Liability report of the College, prepared by the district collector as a prelude to the takeover by the government.
District collector P I Sheikh Pareeth submitted the report to Chief Minister Oommen Chandy in Thiruvananthapuram, in the presence of ministers C N Balakrishnan, V S Sivakumar, P K Kunjalikutty, Adoor Prakash, K Babu, K P Mohanan, P K Abdurabb, Anoop Jacob and chief secretary E K Bharath Bhooshan.
The present income of CMC, including the fees for various courses, is Rs 29.5 crore. “The income from fees, which stands at Rs 21.38 crore will fall to Rs 2 crore, once government fees is introduced”, it is pointed out in the report.
The total value of the medical college which functions in an area of 60 acres at Kalamassery has been estimated to be Rs 51.40 crore. The total revenue of the CMC is Rs 29.50 crore and the expense is `36 crore. The college is managed using an overdraft which was made available using the loan allotted by the government on a guarantee of land owned by CMC. CMC has 25 acres of land in reserve for further development of the college, the report says.
It is recommended that a sub committee may be constituted to take care of rehabilitation and redeployment of employees and for further proceedings related to takeover by the government. As many as 835 people work with CMC in teaching and non-teaching categories. Of the 251 teaching staff, 182 are permanent, 53 are on contract, two are on deputation, 13 are consultants and one is on daily wage basis. CMC requires Rs 3 crore per month to pay the salary of staff.