Start a Profitable Medical Store with Government Funds: Sell Affordable Medicines Daily!

Koushik Roy

Start a Profitable Medical Store with Government Funds: Sell Affordable Medicines Daily!

Introduction

Are you exploring a lucrative business opportunity? With the rising demand for medical services and products, particularly following the COVID-19 pandemic, the medical sector is ripe for investment. The Indian government is promoting the establishment of Pradhan Mantri Bhartiya Jan Aushadhi Kendras (Jan Aushadhi Kendras) to provide affordable generic medicines. This initiative opens up a pathway not only to contribute to public health but also to build a sustainable business with government support.

What are Jan Aushadhi Kendras?

Jan Aushadhi Kendras are pharmacies that offer generic medicines at significantly lower prices, aimed at reducing the financial burden of healthcare on the common citizen. With a target to establish 10,000 such centers across the nation by March 2024, the government is making concerted efforts to enhance accessibility to essential medicines.

Eligibility Criteria to Open a Jan Aushadhi Kendra

Categories of Applicants

   

The government has outlined three categories eligible to apply for opening a Jan Aushadhi Kendra:

  • Category One: Individuals with a D Pharma or B Pharma degree, including unemployed pharmacists, doctors, and registered medical practitioners.
  • Category Two: Organizations such as trusts, NGOs, and private hospitals.
  • Category Three: Agencies nominated by state governments.

Applicants from SC, ST, and Divyang categories are especially encouraged, as they can receive a loan of up to Rs 50,000 for initial setups.

Application Process for Jan Aushadhi Kendras

To establish a Jan Aushadhi Kendra, follow these steps:

  1. Obtain a ‘Retail Drug Sales’ license in the name of the Jan Aushadhi Kendra.
  2. Download the application form from the official Jan Aushadhi website.
  3. Submit the filled application to the General Manager (A&F) at the Bureau of Pharma Public Sector Undertakings of India.

Financial Benefits: How Much Can You Earn?

Setting up a Jan Aushadhi Kendra can be financially rewarding. Here’s a breakdown of potential earnings:

Earning Component Details
Commission on Sales Up to 20% commission on the sale of generic medicines.
Monthly Sales Incentive Additional incentives up to 15% based on monthly sales.
Government Support Financial assistance of up to Rs 1.5 lakh for furniture and setup, plus up to Rs 50,000 for a computer and printer.

Conclusion

Starting a Jan Aushadhi Kendra not only offers you a promising business venture but also allows you to make a significant contribution to society by providing accessible healthcare solutions. With the right qualifications, commitment, and support from the government, you can successfully navigate this exciting opportunity in the medical sector.