Announcing the world’s biggest healthcare scheme, National Health Protection Scheme, that will benefit 10 Cr people in the country, Finance Minister Arun Jaitley in today’s budget 2018 also announced a string of other allied initiatives such as blockchain, AI and ML push that are bound to help encourage healthcare startups.
Budget 2018 was the last full budget of the current government before the general elections of 2019. This was perhaps the last opportunity of the NDA government before the elections to address to the health and nutrition sector of the country, particularly the rising brigade of the Indian healthtech startups.
“Only Swasth Bharat Can Be A Samriddha Bharat.” This statement coming from the Finance Minister in itself suggested how keen the government is on improving the current health of the country’s healthtech ecosystem.
Although, the budget 2018, did not indicate any direct benefit to the healthtech startups, still the startup community is happy with the focus being given to the adoption of technology and the overall healthcare ecosystem.
As Mahavir Chopra, Director, Health, Life and Strategic Initiatives, Coverfox.com stated, “The Finance Minister’s reinforced thrust on Digital India through measures like Wi-Fi hotspots in rural areas will significantly increase internet penetration and will help online healthtech startups to reach the rural areas, which so far can cater to the urban needs majorly.”