Budget 2018: Jaitley Announces Modicare, World’s Largest Healthcare Scheme

Finance Minister Arun Jaitley has announced its flagship national healthcare protection scheme. Modicare, as one can call it, will be the world’s largest government-funded healthcare scheme.

As part of the scheme, which is set to benefit approximately 50 crore people in the country, a medical insurance cover of Rs 5 lakh per year would be granted to 10 crore families in India.

Healthcare stocks at the moment are up after this big-ticket budget announcement.

Watch this space for updates.