Section 17 in Tamil Nadu Dr. M.G.R. Medical University, (Affiliation of Nursing Colleges) Statutes
17.
The applicant shall show evidence of an annual income of not less than Rs. 4,00,000 (Rupees Four lakhs only) excluding the interest accrued from the security deposit mentioned in these statutes to facilitate the proper running of the Nursing college. This is only a portion of the Liability (which the college is like to incur every year towards payment of salaries to the staff and the maintenance of the college.
