Quality healthcare is still out of reach of countless rural Indians due to the high costs of pharmaceutical drugs. This makes them vulnerable to several diseases that are otherwise easily curable. To ensure affordable access to medicines and other medical supplies for the rural population, the Government of India introduced Pradhan Mantri Jan Aushadhi Yojana in 2015.
What is the Pradhan Mantri Jan Aushadhi Kendra?
This scheme aims to make medicines, surgical supplies, medical equipment and more easily accessible for all. The PM Jan Aushadhi Centre or Kendra extends pharmaceutical help through its 6500 PM-JAY Kendra across the country. These stores provide around 8000 generic drugs and surgical consumables at affordable rates.
Who can open a PM-JAY store?
You are an eligible applicant, only if
- You are a licensed and registered healthcare professional.
- You are a licensed and registered doctor.
- You hold a B. Pharma degree or a D. Pharma diploma.
- You hire a B. Pharma degree or D. Pharma diploma holder.
Additional Read: How to Check Personal Loan Eligibility in India
How to apply for Jan Aushadhi Kendra?
Opening a PM-Jay Kendra or store is a lucrative opportunity as you earn reasonable profits and make quality generic medicine available for all. However, you must own or have on lease a 120 sq. ft. shop space with legal documents in place.
While filling out the online form on the official Bureau of Pharma PSUs in India (BPPI) website, you will be asked to provide the pharmacist’s name.
If you belong to the SC/ST or differently-abled category, upload documents stating the same as proof. After filling out the form, and uploading your documents, submit your application for approval.
You can also choose to apply offline if you want to open this store. Download the application form from the official BPPI website, fill it, attach the documentation hardcopies, and courier it to the Bureau of Pharma Public Sector Undertaking (BPPI). You can send your application to the following address:
Bureau of Pharma Public Sector Undertaking (BPPI),
8th Floor, Videocon Tower, Block E1,
Jhandewalan Extension, New Delhi – 110055
Contact number – 011-49431800
Lastly, remember that the BPPI monitors the PM-JAY centres and procures, distributes and markets affordable medicines to the stores.
To sum up
Are you a doctor or a medical professional who intends to open a PM-JAY Kendra but are falling short on funds? You can apply for personal finance to cover the application fees, shop purchasing or leasing costs, and staffing expenses.
This loan can cover all your store opening expenses – from property registration to procurement to staffing. As long as you have a credible lender who extends flexible repayment terms on a personal loan for medical professionals, you’re good to go.
Are you looking for a trustworthy lending institution offering competitive interest rates, hassle-free processing, and speedy fund disbursal? If so, turn to Tata Capital. We provide collateral-free personal finance with attractive ROIs, flexible repayment tenures, and relaxed personal loan eligibility criteria.
To know more about our personal finance offerings, reach out to us and open your PM-JAY store today!