The Union Cabinet today approved the launch of National Health Protection Mission ‘Ayushman Bharat’.
The scheme has the benefit cover of Rs. 5 lakh per family per year. The target beneficiaries of the proposed scheme will be more than 10 crore families belonging to poor and vulnerable population based on SECC database.
"AB-NHPM will subsume the on-going centrally sponsored schemes -Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS)," an official statement read.
The Union Cabinet chaired by Prime Minister Narendra Modi approved the scheme touted as the world's largest government funded health care programme.
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According to reports, all groundwork has been laid by the government for rolling out the ambitious scheme.
The government will contribute 60 per cent of the expenses for the scheme. The rest will come from states. The figure will be 90% North-East and hill states and 100% for all Union Territories.
An authority will also be constituted to regulate the scheme's implementation.