Chandigarh:
Punjab Chief Minister Parkash Singh Badal today approved a corpus fund of Rs 16 crore for making the upcoming Maharaja Ranjit Singh Preparatory Institute for Military Training at Mohali financially viable.While reviewing the progress of the institute here, the Chief Minister directed the finance department to immediately release a sum of Rs 5 crore as corpus fund during this fiscaland the remaining Rs 11 crore in the next financial year.Badal also asked the Director of the institute, Maj Gen (Retd) BS Grewal to immediately convene a general body meetingof the institute to finalize the modalities for its maidensession likely to begin from April 18, 2011.The construction of the institute under first phase would be completed by February 10.Badal asked the Director to ensure that the best talent amongst the students should be trained for the armed forces in the institute, for which the state government was committed to extend all possible help to make it one of the most prestigious Army training institutes in the country.