The state’s medical Education department (MED) is actively looking for corporate social responsibility (CSR) initiatives to support the construction of medical college buildings and hostels. The state and the Maharashtra University of Health Sciences (MUHS) are in the final stages of discussions with a corporate to build a hostel in Nashik. If successful, this arrangement would be the first of its kind.
With a dozen colleges in the pipeline and limited funds, the MED started seeking CSR tie-ups recently, besides working towards securing a substantial loan from the Asian .
About Rs 18,000 crore is estimated to be required for the construction and operationalisation of these colleges by 2030. The State Government has already initiated the process of borrowing Rs 8,000 crore from the Asian Development Bank. According to a source from the department, the initial plan is to allocate a portion of the borrowed funds for constructing the new colleges in different districts, while the remaining amount would be utilized for upgrading the existing colleges.