Hotline: 1800 102 2007
Search Business Opportunities
Investment 19 May 2015

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.

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.

Related opportunities
  • Online learning/E-learning
    Want to be an entrepreneur in fastest growing e-Learning model..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 50 K - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Varanasi Uttar Pardesh
  • Gyms and Fitness Centres
    Jymka is an Award Winning European Fitness Brand and probably..
    Locations looking for expansion Ireland
    Establishment year 2002
    Franchising Launch Date 2002
    Investment size Rs. 5 Cr. above
    Space required 2000 sq. ft – 2500 sq. ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dublin Ireland
  • Greetings from Chaat Ok Please !!!Chaat Ok Please is brought..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 50 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Ayurvedic, Herbal & Organic Products
    About:OMORFEE, an Indo – German venture of Bioruns Private Limited,..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 100 - 250 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
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