The rising prices of medicines in India are becoming a major problem for the common man. Often, patients arrive at the medical store with a doctor’s prescription, only to be disheartened by the price. In such a situation, the government’s Pradhan Mantri Bhartiya Janaushadhi Yojana (PMBJP) has come as a relief. This scheme provides affordable and high-quality generic medicines. Importantly, you can also open your own generic pharmacy without a significant investment, creating a good career and serving society.
Pharmacy-related education is considered essential for opening a generic pharmacy or Janaushadhi center. If you have a B.Pharma (Bachelor of Pharmacy) or D.Pharma (Diploma in Pharmacy), you can open the store yourself. However, even if you don’t have one, you’re still not left behind. You can hire a pharmacist who holds one and is registered with the State Pharmacy Council. A pharmacist’s certificate is required at the time of application or final approval.
Space Required:
A shop doesn’t need to be large. A minimum of 120 square feet of space is required, which can be your own or rented. The space must be clean and tidy so that medicines can be stored properly. A retail drug license is also mandatory, as medicines can only be sold in accordance with regulations. Basic knowledge of computers and software is also required for billing and record-keeping.
What are the benefits?
Now let’s discuss the benefits. Starting a generic pharmacy is inexpensive, as medicines are inexpensive and stockkeeping costs are minimal. The government provides financial assistance of up to ₹2.5 lakh for opening a Pradhan Mantri Bhartiya Janaushadhi Kendra. Additionally, a margin of over 20 percent is available on medicine sales, providing a substantial profit. Furthermore, an additional incentive of 10 to 15 percent is also available based on monthly sales. Generic medicines are 50 to 80 percent cheaper than branded medicines, so the number of customers is higher and the store’s sales remain consistent.
Where to Apply
The application process is also easy. Interested candidates can apply online by visiting the official website, janaushadhi.gov.in. After uploading the required documents, they are verified and approved if all the conditions are met.
