Medical Admissions 2020-21

Medical Admissions 2020-21

No bank guarantee for medical admissions

PUBLISH DATE 18th May 2018

Fee regulating authority clarifies that no amount other than first­year fees can be collected

PUNE: The state fee regulating authority(FRA) has come down heavily against private medical colleges demanding bank guarantees, in addition to exorbitant fees, bringing relief to hundreds of postgraduate medical aspirants. In a directive released on Monday, FRA clarified that no student is required to furnish a bank guarantee. Fees for one academic year are the only amount that can be collected in advance, the authority stated. Any unaided private medical college is not authorised to make such a demand and will have to incur consequences if they don’t comply by the laws, added the officials.

This directive comes after many post graduate medical aspirants approached the authority with complaints against private institutions, who has asked the students to pay the stipend amount to the colleges. As per Medical Council of India (MCI) norms, a student is entitled to receive a specified amount as a stipend from the college.

“As per Section 14(5) of Maharashtra Unaided Private Professional Educational Institutions (regulations of admissions and fees) Act, 2015, no institute whatsoever can collect fees amounting to more than one academic year. Any such collection is equivalent to capitation or donation fee and the institution has to incur consequences for doing so. Also, we have clearly stated that there is no provision which insists students to give bank guarantee to colleges, and so, we are urging students not do so. We will take strict action against any college, acting against the rules,” said Ravindra Dahad, FRA Pune.

Some students explained that colleges threatened to cancel admissions, if fees and stipends are not paid in full. The colleges are also insisting on students showing the bank guarantee.

“Firstly, it is an expensive affair to pay ₹9 to ₹14 lakh as annual fees to these colleges. Over and above this amount, we were also supposed to pay ₹30,000 to ₹50,000 as stipend money. Now the demand of the colleges for ₹20 lakh to ₹50 lakh as bank guarantee, is completely insane. How do they expect us to pay so much money. Also, why should we pay it in the first place, if its not mandated by the government?,” said one Pune-based PG medical student, who requested anonymity.

Seeking relief for these students, Kalpesh Yadav, city president of the Maharashtra Navnirman Vidyarthi Sena (MNVS), raised the issue with the FRA. “These colleges are not giving loans that they need a bank guarantee, they are going to educate the students. We hope that the committee will take strict action against colleges who continue to ask for bank guarantees and do not comply by the fee structure . The officials have assured us that changes are expected to take place in a week’s time. However, if nothing is done till then, we will organise an agitation soon,” said Yadav.

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