Indira Gandhi Medical College, Shimla is one of the finest medical colleges in India. The stipend amount is different in different year. The doctors receive monthly stipend ranging from Rs 35,000 for the first year, Rs 40,000 for the second year and Rs 45,000 for the third year. The Himachal Pradesh government has reduced the bank guarantee for doctors interested in pursuing MD/MS degree or diploma from Rs 10 lakh to Rs 5 lakh.