The State Cabinet here on Tuesday approved the construction work of six new medical colleges in the State with an investment of Rs 1547.45 crore. In this, administrative approval of Rs 249.63 crore, Rs 258.07 crore, 256.83 crore, 256.55 crore, 255.78 crore and Rs 270.59 crore has been given for establishment of new medical colleges in Mandla, Singrauli, Sheopur, Rajgarh, Neemuch and Mandsaur respectively.

It was decided by the Cabinet that Madhya Pradesh State Institute of Educational Management and Training (SIMET) would be established as an independent unit by separating it from the Academy of Administration at present. The main objective of the establishment of SIMET is to determine and develop the proper process regarding educational planning and development of educational managerial capacity and its decentralization.

For this, cooperation in the development of professional competencies, conducting courses in educational management, capacity building of officers associated with education and building a training environment is included. In SIMET, the officers of Tribal Affairs Department associated with Department of School Education and School Management,

The Cabinet decided that in order to pay one-time settlement amount of Rs. 90 crore to SIDBI, financial assistance of Rs. 90 crore would be sanctioned to Madhya Pradesh Finance Corporation in the form of short term loan. Interest will be levied on this at the rate fixed by the Finance Department from time to time.

The newly constructed commercial office complex of Madhya Pradesh Finance Corporation in Indore will be sold through Public Asset Management Department. After adjusting the expenses incurred in the sale process with the amount received from the sale of the premises, the short term loan sanctioned by the State Government will be paid in one lump sum along with interest. Loan of Rs.25.76 crore received earlier from the government will be paid with interest.