- In order to cater to healthcare needs of a population of 1.2 billion, India would need an additional 7 lakh doctors by 2022.
- There exists tremendous scope for establishing new medical institutes for producing world class doctors, nurses and paramedics.
- Private players are encouraged to set up medical institutions and the clause to permit medical colleges as commercial venture is under consideration
- India is known for its high quality medical standards and a large number of Indian doctors are practising in other countries
- Medical tourism in the country is projected to grow to $7-8 billion by 2020 from the existing $3 billion.
- Current doctor population ratio is 1:1681 against WHO norms of 1:1000
- 9.59 lakh doctors registered as per Indian Medical Register
- Total 439 Medical Colleges in the country out of which 212 in Govt. and 227 in Private Sector
- Total 59,883 MBBS seats of which 30,790 are in the Private sector
- Total of 26,390 PG seats in the country, thus a considerable shortfall in PG seats
Key Growth Delivers
- Increased healthcare insurance coverage in the country
- Tax holiday for longer period (esp. in view of long gestation period of hospitals)
- Loans on concessional basis. Education is classified under priority sector eligible for priority sector lending rules under the RBI
- Setting up medical colleges as a commercial venture is under consideration
- 100% FDI under automatic route is allowed in Education sector
- Single window clearance introduced for benefit of investors
- Making Medical Education affordable and broad based to suit the needs of the country
- Step by step guide for establishing new medical institutes is basis the Establishment of Medical College Regulations, 1999 under MCI Act, 1956
- Medical Council of India (MCI) is the statutory body to regulate medical education in India. It conducts periodic inspections to assess whether the colleges fulfil the minimum requirements for approval following a transparent process.
- Medical colleges are permitted to be set up in a phased manner. These requirements are indicated for a period of time (around five years) from when the college attains recognition.
- Norms/requirement for medical colleges are being rationalized to bring down the cost of establishment and running of medical colleges.
- Feasibility to set up medical colleges in two pieces of land has been introduced
- The application for establishment of Medical colleges and the various stages of permissions before the grant of approval by the Central Govt follow a strict time schedule.