LUCKNOW, June 15 -- King George's Medical University (KGMU) on Sunday said its Hospital Revolving Fund (HRF) is providing quality medicines and medical consumables to patients at affordable prices through a self-sustaining model based on direct manufacturer procurement, strict quality control and transparent financial management. According to an official statement, the HRF operates without any government grant or subsidy and functions entirely through a revolving fund mechanism. Medicines and consumables are procured directly from manufacturers through the Government e-Marketplace (GeM) platform, with only a 10% sustainability charge levied to meet operational expenses. The revenue generated is used to replenish stocks, ensuring uninterrupted availability of essential medicines. KGMU said the HRF system had been strengthened over the past 18 months by adopting the operational framework developed at SGPGIMS. Officials said procurement is digitally documented, while direct sourcing from approved manufacturers and Original Equipment Manufacturers (OEMs) eliminates intermediaries and keeps costs low. HRF chairman Dr Kumar Shantanu said, "In reality, the HRF receives no government grant whatsoever and operates entirely through a self-sustaining revolving fund model."...