Budget 2020 Healthcare & Pharma Sector

The Finance Minister Smt. Nirmala Sitharaman envisages a holistic vision of healthcare that translates into wellness of the citizen!

Key Announcements

Budget allocation

  • A budget allocation of INR 69,000 crores has been made in health sector, inclusive of INR 6400 crores for Ayushman Bharat, Prime Minister Jan Arogya Yojana (‘PMJAY’)
  • National Health Mission allocated INR 33,451 crores in 2020 with a slight increase from the allocation last year of INR 33651 crore, focussing on medical academic institutions
  • Under Pardhan Mantri Swasthya Suraksha Yojana (‘PMSSY’), the allocation saw a significant increase of 51% from INR 4000 crores in 2019 to INR 6020 crores in 2020
  • Development of pharmaceutical industry with a whooping increase of budget estimate form INR 3.4 crore in 2019 to INR 42 crore in 2020-21

Stimuli for strengthening healthcare infrastructure

  • Setting up hospitals under public private partnership (‘PPP’) with a focus on those areas which are not empanelled under PMJAY
  • Setting up Viability Gap funding window for building hospital in PPP mode

Focus on usage of Artificial Intelligence (AI) and machine learning (ML)

AI and MI shall aim to create and provide focussed preventive regime for diseases

Read the entire newsletter.

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