Under Pradhan Mantri Jan Aushadhi Yojana (PMJAY), the central government will open 3,000 Jan Aushadhi Stores (JAS) across India by the end of this fiscal year. The PMJAY are aimed to make quality drugs available at affordable prices.
“In order to open JAS proposed within government hospital premises, a one-time financial assistance is provided to the extent of Rs 2.50 lakh,” Minister of State for Chemicals and Fertilizers Mansukh L Mandaviya told the Lok Sabha.
“The margin available for the retailers is 20 per cent so as to ensure a reasonable level of profitability for them,” Mandaviya added.
In addition to the retailers' margin up to 20 per cent, an 15 percent incentive on monthly sales subject is also given for stores opened outside the government hospitals, the minister added.
For stores opened in northeastern states and Maoist-affected and tribal areas, the rate of incentive is 15 percent of monthly sales subject to a ceiling of Rs. 15,000 per month. Applicant should have own or hired space of minimum 120 square feet.
State governments, local bodies, individuals entrepreneurs, pharmacists, doctors, registered medical practitioners, NGOs, trusts, social and charitable institutions, private hospitals and self help groups or those with B.Pharma degree or D.Pharma diploma are eligible for opening of the stores.