Summary:
In September 2017, chief minister K Palaniswami announced that the government will consider converting the college as a government medical college. Interest on the fund is used to meet the recurring expenditure of the medical college. CHENNAI: The Tamil Nadu government will take over the administration and management of IRT-Perundurai Medical College and Hospital in Erode from the 2019-2020 academic year as the transport corporations are unable to administrate the institution with dwindling funds. As per the original formula, employees of the state transport undertakings contribute an amount as interest-free loan and the fund is kept as fixed deposit. In 2017, the college got the Medical Council of India nod for admitting 100 students.“As the financial position of all the state transport undertakings is extremely weak, they are unable to contribute effectively to the expenditure of the IRT,” additional chief secretary Davidar said in the order..