“National Ayush Mission” gets Government’s nod

Government has permitted the launching of National Ayush Mission (NAM) to attend to the gaps in health services in vulnerable and far-flung parts of the country. The judgment to launch the NAM was taken in a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

Via the AYUSH Mission (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy), the Govt. is looking forward to address gaps in health services by backing the attempts of state governments for delivering Ayush health services and education in the country, mainly in vulnerable and remote areas. The Mission will assist in improving the Ayush education via improvement in the number of advanced educational institutions and deliver improved access to Ayush services via growth in number of Ayush hospitals and dispensaries. The mission will also assist sustained accessibility of quality raw material for Ayush systems of medicine and advance accessibility of quality drugs via growth in number of pharmacies and drug laboratories.

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Finance Ministry planning to double the Banks’ commission for DBT scheme from 1% to 2%

Finance Ministry is in the final stages of the course to double the commission to banks at 2% of the quantum of funds they transmit to individual beneficiaries under the government’s Direct Benefit Transfer (DBT) scheme. The current rate of commission is 1% per for every transaction under the DBT.

The government transfers money to the bank account of consumers of kerosene, LPG, etc. via its DBT scheme in order to do away with the loopholes and ascertain corruption free delivery. Now, the Finance Ministry plans that for all accounts, whether under Pradhan Mantri Jan Dhan Yojana or otherwise, if subsidy is routed via the DBT scheme, 2% of the total amount will be given to banks as administration cost. This money will not be cut from the consumer’s account but the government will spend extra 2%.

Example, if in a year, a bank transfers Rs 10 crore as DBT payments, then the government will transfer Rs 10.2 crore to that bank.

Banks play a very important role as Govt agents in routing subsidies via DBT Schemes.

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