Union Budget 2021: Healthcare industry welcomes increased budget allocation for health, well-being

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February 01, 2021 3:20 PM

Budget 2021 Live from Parliament, Union Budget 2021-22 Live Updates: Finance Minister Nirmala Sitharaman proposed Rs 2,23,846 crore budget outlay for health and well-being for 2021-22, compared to Rs 94,452 crore in the current fiscal, registering an increase of 137 per cent.

Union Budget 2021, Budget 2021Innovaccer was last valued at $350 million during its Series C round of $70 million in February last year.

Budget 2021 Announcements, Union Budget 2021 Announcements, Budget 2021 News: The healthcare industry welcomed the government’s increased allocation for the healthcare sector and said that the move will provide access to medical care for all in the country, fuel job creation and boost economic momentum.

Finance Minister Nirmala Sitharaman proposed Rs 2,23,846 crore budget outlay for health and well-being for 2021-22, compared to Rs 94,452 crore in the current fiscal, registering an increase of 137 per cent.

Sitharaman has also proposed Rs 35,000 crore outlay for COVID-19 vaccines for the next fiscal and announced the rollout of pneumococcal vaccines across the country to help save over 50,000 deaths annually.

“I have provided Rs 35,000 crore for COVID vaccines for 2021-22. I commit to provide further funds if required,” the Finance Minister said while presenting the Budget for 2021-22.

Also read| Check Union Budget 2021 Live Updates here: 

Commenting on the budget, Apollo Hospitals Chairman Prathap C Reddy said, the ground-breaking focus on health which will provide access to medical care for all in our country, fuel job creation and boost economic momentum.

India’s efforts in managing the pandemic have been exemplary – the country’s frontline workers and scientists have been working tirelessly to save lives and develop indigenous vaccines. “Now the allocation of Rs 35,000 crore for COVID-19 vaccines and more if required, makes our glorious nation stand tall as a model for the world,” he added. “We must now look at the next crisis of Non Communicable Diseases, which will be responsible for 80 per cent of deaths and cause a 3.8 trillion USD burden to the country by 2030,” Reddy said.

Manipal Hospitals MD and CEO Dilip Jose said, the Finance Minister has accorded special attention to the healthcare sector. “The enhanced allocation, along with the plan to look at healthcare wholistically – including nutrition, sanitation, clean drinking water and pollution control, certainly augurs well for the country, he added.

In a similar vein, Aster DM Healthcare Founder Chairman and MD Azad Moopen said the budget has seen phenomenal increase in outlay for the healthcare sector with focus on addressing the key issues facing India today.

“It is encouraging to see the shift in focus to prioritise preventive care and well-being, over just sick-care” he added.

Ujala Cygnus Group of Hospital Founder & Director Shuchin Bajaj said the health allocation in the first digital Union Budget presented in Parliament after the coronavirus pandemic, which has killed over 150,000 people so far, reflects that the government is serious about the steps needed to reach that level of health preparedness.

The announcement of the new centrally-funded scheme PM Swasthya Yojana with an outlay of Rs 64,180 crore, will strengthen and develop primary, secondary and tertiary healthcare facilities even in the last miles of our nation, he added.

“The emphasis on health in the union budget 2021, brings in hope and light after the most challenging period faced by the world, especially the healthcare industry. The most overwhelming addition in the aftermath of the pandemic is the PM’s Aatmanirbhar Health Yojana, with an outlay of 64,180 crore over 6 years,” PD Hinduja Hospital CEO Gautam Khanna said.

Metropolis Healthcare Promoter & MD Ameera Shah said it is heartening to see a holistic view on health; taking into account, clean water, hygiene and sanitization, vaccination, nutrition, and pollution.

“The launch of PM Aatmanirbhar Swasth Bharat Yojna and the much-needed push to set up primary, secondary and tertiary healthcare is most welcome and we hope the government partners with private healthcare to hasten this process and strengthen health services across the country,” Shah said.

“This year the focus of the world was squarely centred on the healthcare industry. Continuing the trend, the budget highlighted the government’s holistic approach to healthcare with the allocation of 2.23 lakh crore, a 137 percent increase from last year under the Atmanirbhar Swast Bharat Yojana,” Sukino Healthcare Founder & CEO Rajinish Menon said.

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