Budget 2024: Ayushman Yojana Expanded, Including More Beneficiaries for Free Treatment

In the recently presented interim budget, Finance Minister Nirmala Sitharaman announced an extension to the Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana (AB-PMJAY). The scheme, known for providing free healthcare coverage up to Rs 5 lakh annually, will now include Anganwadi workers, helpers, and ASHA workers.

In February 2018, the Indian government announced the establishment of 1,50,000 Health and Wellness Centres (HWCs) by upgrading existing sub-centres and primary health centres. The second component, PM-JAY, was launched on September 23, 2018, by Prime Minister Narendra Modi.
Ayushman Bharat PM-JAY is the world’s largest health insurance scheme. It provides health coverage of ₹5 lakh per family per year for secondary and tertiary care hospitalisation to over 12 crore poor and vulnerable families (approximately 550 million beneficiaries), constituting the bottom 40% of the Indian population.

Ayushman Yojana, the world’s largest publicly funded health insurance scheme, covers families for secondary and tertiary care hospitalization. As of December 27 last year, the scheme had already reached 55 crore people from 12 crore families.


ALSO READ –Budget 2024: Stocks Active as FM Sitharaman Unveils 2 Crore New Homes Initiative

2024 Budget: Green Energy Stocks Soar with Rooftop Solar Scheme


Under this scheme, families receive free treatment and medical healthcare up to Rs 5 lakh every year, encompassing government and private hospitals. The government covers expenses for tests conducted one week before hospital admission and up to 10 days after discharge.

The budget also revealed a forthcoming scheme targeting the prevention of cervical cancer. Girls aged 9-14 years will be provided with a free vaccine, and Anganwadi centers will undergo development.

Empowering women is a key focus, with the government aiming to create 3 crore Lakhpati Didis (women with assets worth a lakh or more) in the next five years. Over one crore women across the country have already achieved this milestone.”



Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).


Leave a Comment