Ayush allocated Rs 3,712 cr in the Interim Budget; insurance coverage from April 1

The Interim Budget presented by Finance Minister Nirmala Sitaraman saw an allocation of Rs 3,712.49 for the Ayush Ministry for the year 2024-24. This is a rise of 23.74% from the previous year. 

The Central Council for Research in Ayurvedic Sciences has been given Rs 413.54 crore, while the All India Institute of Ayurveda was allocated Rs 227.20 crore. Rs 14.63 crore was allocated to the National Medicinal Plants Board.

In other development, the Insurance Regulatory and Development Authority of India (IRDAI) has asked general insurers to put Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy (AYUSH) at par with other medical treatments in their health insurance policies. 

“AYUSH treatments have become an established branch of medicine. Considering their growing demand, there is a need to consider these treatments at par with other treatments,” said IRDAI in a press statement.

The general insurance companies are to have board-approved policy guidelines for AYUSH coverage and give policyholders an option to choose a treatment of their choice, effective from April 1, 2024. 

Ayush treatment procedures have been witnessing increased popularity over the years. According to Ayush minister Sarbananda Sonowal, over 9000 out of the targeted 12500 Ayush Health and Wellness Centres have been established in the country. 

Presently the ministry of Ayush is involved in codifying terminology related to diseases and treatment offered in these systems. Apart from helping the public, the move is expected to benefit those associated with research work. 

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