Union Budget 2021: Healthcare stocks like Fortis, Apollo Hospital, SRL Logistics in focus on introduction of Aatmanirbhar Health Yojana
The healthcare sector was among the biggest gainers in the last 10 months given the opportunities made available in the light of the pandemic. The BSE Healthcare index rallied 87 percent from March 23 s closing low.
Representative image (PC- MoneyControl.Com)
In the aftermath on COVID-19, Finance Minister Nirmala Sitharaman s Budget speech focussed on allocation to healthcare sector. She introduced the Aatmanirbhar Health Yojana with an outlay of Rs 64,180 crore over six years.
This will strengthen the National Centre for Disease Control, she said.
Financing expenditure through borrowings is the need of the hour. It can be done through tax-free COVID bonds, setting up of an SPV via the RBI and raising money internationally at lower yields.