If the proposal goes through any corporate house as well as leading private hospitals and pharmaceutical companies will be able to open medical colleges.
Presently, apart from state and central governments, only trusts and registered societies can run medical colleges.
The Union Health Ministry has directed the Medical Council of India to clear the decks for allowing private profit-making companies, which are registered under the Companies Act, to set up medical colleges in the country.
The Central Government has written to Medical Council of India to substitute this sub-clause of the eligibility criteria, and make it just “Companies registered under the Companies Act”.
The new rules would also allow any society or trust that may have set-up a medical college to convert itself into a company, reported Indian Express.