Subject to the provisions of this Act and the rules and regulations made there under:
(a) The Corporation will be responsible for strengthening, upgradation the infrastructure of the existing and establishment of new tertiary hospitals, attached institutions, colleges, etc., by leveraging the resources, experience and strengths;
(b) The Corporation shall act as a holding Corporation for all assets and revenues from healthcare institutions under its purview not limited to medical education, nursing, hospitals, etc. for enabling fund raising to support healthcare infrastructure development plans of the State, while the management of day to day affairs of the individual colleges and hospitals shall continue to be done by college / hospital level societies under administrative control of the concerned competent authority;
(c) Government shall identify requisite resources comprising of existing revenue streams and new revenue streams and assign these revenues to the Corporation to raise financing and fulfil its objectives, once assigned, for the purpose of raising 10 financing, such identified revenue sources shall not be used for any other purpose;
(d) In case, the Government cancels or reduces the assigned revenue streams or there is any shortfall in the assigned revenues for meeting the debt servicing obligations of the Corporation, Government shall assign alternative revenue streams to meet the committed financing and debt servicing liabilities of the Corporation or alternatively the Government shall take over the financial and debt servicing obligations of the Corporation.