MGU institutes running on a loss: Report

Kottayam: The MG University is not in a position to run a majority of self-financing institutions (SFIs) coming directly under the university. This was cited in a report submitted before the syndicate by the syndicate sub-committee.According to the report, majority of the institutions directly under the university, except the school of medical education (SME), is running on a loss. There are 11 self-financing institutions under the varsity.

The university college of teacher education (UCTE) has incurred the maximum loss of Rs 3 crore in 2015-16.

Meanwhile, eight centres of the SME have provided a profit of Rs 1.87 crore in the same period.

Though the study has found that SME is on a profit, the recognition of the institute has been put under question after the Kerala University of Health Sciences (KUHS) asked the university to stop its admission process from the next academic year.

[Source:-USA Today]

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