Development of Ayush Entrepreneurship

For the purpose of development of the Ayush entrepreneurship Ministry of Ayush had developed a Central Sector Scheme namely Champion Services Sector Scheme for Medical Value Travel for implementation on Pan India basis. Under this scheme, financial assistance in the form of Interest Subsidy is provided to private investors for the establishment of Super Specialty Hospitals/ Day Care Centres of the systems recognized under The National Commission for Indian System of Medicine (NCISM) Act, 2020 or The National Commission for Homeopathy (NCH) Act, 2020.

Ministry of Ayush signed a MoU with Ministry of Micro, Small & Medium Enterprises (MSME) for the promotion of Ayush enterprises. In this regard, 10 Awareness programmes on Digital Advertisement, E-Marketing, GST&GeM were organized and 07 National Seminar / Workshop on Packaging, Marketing and Export Promotion of Ayush Products were organized by the Micro, Small & Medium Enterprises (MSME).

The All India Institute of Ayurveda(AIIA) an autonomous body under Ministry of Ayush has set up an incubation centre i.e. AIIA-ICAINE (Incubation Centre for Innovation and Entrepreneurship) to support new startups in the Ayush sector.

Also,Academia-industry Research Incubation for Value-chain Up-gradation(ARIVU) has been setup by Central Council of Research in Siddha (CCRS) to promote innovation and entrepreneurship by translating novel ideas and innovation in various disciplines of Siddha Research, into products, processes and services for commercial exploitation and the benefit of society.

Ministry of Ayush has collaborated with scientific Organizations like Council of Scientific and Industrial Research (CSIR), Indian Council of Agricultural Research (ICAR), Department of Biotechnology (DBT) and with different Indian Institute of Technology’s(IITs) to promote research, innovation, management and higher education etc.

The Central Council for Research in Ayurvedic Sciences(CCRAS)has initiated “CCRAS Post Doctoral Fellowship Scheme” with the approval of Ministry of Ayushto offer ten (10) such fellowships every year to promising fresh PhD/PG degree holders of Ayurveda and Ph.D. holders of related science disciplines at reputed organizations like Council of Scientific and Industrial Research (CSIR), Indian Council of Agricultural Research (ICAR), Department of Biotechnology (DBT), National Institutes, recognized Universities and National Institutions of Ayush etc.
Also, a MoU was signed by Central Council of Research in Siddha(CCRS) on 06-11-2019 with Accelerating Growth of New India Innovation (AGNIi) for the commercialization of R&D technologies and products development.

This information was given by Minister of Ayush Shri Sarbananda Sonowal in a written reply in Rajya Sabha today.