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India allocates 10,000 crore rupees for ‘Modicare’ health insurance

NEW DELHI: India has allocated 10,000 crore rupees ($1.54 billion) for its ambitious health programme aimed at providing insurance cover for about half the population, Health Minister J.P. Nadda said on Thursday, labelling it the largest such scheme in the world. Prime Minister Narendra Modi’s government, which has dubbed the scheme “Modicare”, announced in February the programme would provide 10 crore families, or about 50 crore poor people, with health cover of 500,000 rupees per year for treatment of serious ailments.…