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Education on Bid: PG Medical Seats Sold Off for Rs 4 Crore

Sep 16, 2013 10:02 IST
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There is a considerable gap in the ratio of the number of undergraduate and postgraduate medical seats, which makes higher education in medicine costlier with every passing year and leads the PG medical seats to go under the hammer.
In Bangalore, a group of parents found sitting in a city medical college auditorium, facing a management team, which seemed like they are attending some orientation session. But, a closer look revealed something else, found they were bidding for the post-graduate medical seats. A parent stood up and rolled out a bid of Rs 1 crore for an MD seat in radiology. Another parent stood and pushed the bid up by Rs 25 lakh. Finally, that much coveted seat gone to the ward of the highest bidder.
So an MD (radiology) seat has been the highly contested auction in education this year, touching Rs 4 crore at a prominent Chennai college as well as Rs 3 – 3.5 crore in Bangalore colleges.
Keeping up with trend, the successful bids for orthopaedics and dermatology seats hovered between Rs 1 – 1.5 crore. A paediatrics seat cost Rs 1.6 crore.
However, the reason for this high demand is quite obvious. There are only 683 seats every year for lakhs of students aspiring to specialize in radiology. There is huge gap between demand and supply, leading a shortage that makes the cost of seats rise every year.
The college managements states that they have been sending pleas to the Medical Council of India (MCI) to increase the number of seats, but to no avail. "If we admit very few students for some courses, the cost of their training goes up. How do we make up for that?" asks the principal of a college where the rate for PG-seat lingered between Rs 1 – 3.5 crore.

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