FM's Bio-Pharma & Medical College Boost in Interim Budget

India Pharma Outlook Team | Thursday, 01 February 2024

 India Pharma Outlook Team

In the pre-election budget, which did not mention any changes in direct or indirect taxes, Union Finance Minister Nirmala Sitharaman announced new plans to promote bio-based manufacturing in biomedicine and plans to set up more medical colleges. , a proposal to encourage cervical cancer vaccination among girls aged 9-14 to speed up the implementation of the Indradhanush Mission, the Ministry of Health and Family Welfare's flagship vaccination program.

In a budget speech of less than an hour, Sitharaman covered various projects being undertaken by the government, including plans to launch bio-based projects to promote green growth.

"This will provide environmentally friendly alternatives such as biodegradable polymers, bioplastics, biopharmaceuticals and biological agricultural inputs. This plan also helps to change the current trend of investing in one on a recovery basis. He said

He spoke about plans to expand infrastructure: "Some young people want to be doctors." They seek to serve our people by improving health care. Our government plans to establish more medical schools using hospital infrastructure under various ministries. In this regard, a committee was formed to review the matters and make appropriate recommendations.

The government plans to encourage vaccination of girls aged 9 to 14 to prevent cervical cancer. Many plans for mothers and child care are included in a comprehensive program that makes the combination effective. Upgrading Anganwadi centers under “Saksham Anganwadi and Poshan 2.0” will be accelerated to improve food provision, child care and development. The newly designed U-WIN platform for the immunization administration and strengthening activities of the Indradhanush Mission will be rapidly rolled out nationwide. Medical coverage under the Ayushman Bharat scheme is extended to all ASHA workers, Anganwadi workers and volunteers.

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