Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Investment 2015-05-19

Union Government allocates Rs 5,000 crore for AYUSH development

After giving a separate entity to Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) by creating Ministry, the Union Government has allocated a fund of Rs 5,000 crore for its development.

Union Government allocates Rs 5,000 crore for AYUSH development

The Union Government has allocated Rs 5,000 crore for the growth of Department of AYUSH and launched an independent National AYUSH Mission, targeting capacity building for the sector.

Confirming the news, Union Minister of State for AYUSH, Sripad Naik told mediapersons at the sidelines of a function recently, that the ministry is planning to observe Ayurveda Day as well.

"For creating awareness about Ayurveda, the Ministry is considering to observe Ayurveda Day," noted Naik.
He further said, "We have launched independent National AYUSH Mission aiming capacity building for the sector. The mission will ensure creation of a centre of excellence for Ayurveda, Yoga, Unani, Siddha and Homoeopathy independently.”

Reportedly, India and China uses largest number of medicinal plants across the globe. However, the Traditional Chinese medicines have seen easy acceptance in the world, while the Indian Ayurvedic medicines, which have seen a 25 per cent rise in its sales in the last decade, is yet to gain global acceptance.

To boost the same, Indian government will attempt to find out reasons and aimed to address the issues soon, assured Naik.

Significantly, unlike other medicinal systems, India’s ancient medical practice - Ayurveda advocates restoration of health and prevention of disease more than the cure.

Being practised across the country, Ayurveda is quite popular among even tribal and remote areas of India, where other modes of therapies are not readily available.

Though, it does not have an elaborate organised structure, still it plays a major role in meeting the healthcare needs of a large section of the country.

Comment
image
image
image
Related opportunities
  • Department & Convenience Stores
    About Us  NDB Convenio is a venture of NDB Retail India..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Computer and ICT Services
    About Us: Digikore is a visual effects studio that offers a..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • About Us: •Sizzle House is the quintessential eatery, located on one..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Snacks / Namkeen shops
    About : • Established in the year 1992, National Chikki is..
    Locations looking for expansion Maharashtra
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts