These institutions will be opened in Ratlam, Vidisha and Shahdol.
The approval was given by the state Cabinet at its meeting chaired by Chief Minister Shivraj Singh Chouhan.
"The Cabinet has accorded an administrative sanction of Rs 749.15 crore for opening up three new government medical colleges at Ratlam, Vidisha and Shahdol," Mishra, who is also the Parliamentary Affairs minister, said.
Under the plan, Ratlam and Vidisha colleges will have 150 seats each, while the one in Shahdol will have 100 seats for MBBS course.
The government has accorded sanction of Rs 259.65 crore for Ratlam, Rs 265.19 crore for Vidisha and Rs 224.31 crore for Shahdol, the minister added.
Presently, six government medical colleges are operational in Bhopal, Indore, Jabalpur, Gwalior, Rewa and Sagar in the state.
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