AIM, NITI Aayog, USAID announce partnership to enhance healthcare entry underneath SAMRIDH initiative, Health News, ET HealthWorld

AIM, NITI Aayog, USAID announce partnership to improve healthcare access under SAMRIDH initiativeNew Delhi: Atal Innovation Mission (AIM), NITI Aayog, and the US Agency for International Development (USAID) introduced a brand new partnership underneath the Sustainable Access to Markets and Resources for Innovative Delivery of Healthcare (SAMRIDH) initiative. The collaboration goals to enhance entry to inexpensive and high quality healthcare for weak populations in tier-2 and tier-3 cities, rural and tribal areas.

In 2020, USAID, IPE Global, and stakeholders from the Indian authorities, academia, and the non-public sector developed the SAMRIDH initiative, The initiative blended finance facility to mix public and philanthropic funds with industrial capital to create and quickly scale market-based well being options.

The new partnership goals to boost SAMRIDH’s efforts to achieve weak populations by leveraging AIM’s experience in innovation and entrepreneurship. AIM and SAMRIDH will leverage philanthropic capital, and public sector sources to offset obstacles for industrial investments in small and medium well being enterprises to put money into and scale healthcare options. The collaboration will give attention to improvements throughout the healthcare panorama with the widespread purpose to mount an efficient response to the continuing third wave of COVID-19 and construct well being system preparedness for future infectious illness outbreaks and well being emergencies.

Speaking through the digital launch of the occasion, Amitabh Kant, CEO, NITI Aayog stated, “Blended financing has the potential to redefine development finance by enabling partnerships that unlock greater pools of capital for scaling-up businesses that deliver both financial and social returns . Given the disruptions triggered by the pandemic, and its continued threat, there is no sector more important than healthcare that needs accelerated pace of reform and increased investments, to ensure everyone has access to affordable and quality healthcare services. There lies a unique opportunity to catalyze the space of healthcare innovation and entrepreneurship using innovative financing opportunities like blended finance, that leverages philanthropic funding to reduce the risk for commercial investments. This approach enables increased private capital flows to fill the current financing gap in health sector and builds an enabling ecosystem for innovation adoption in health systems,”

Highlighting the focus of the call for proposals, Dr. Chintan Vaishnav, Managing Director, AIM, NITI Aayog said, “Atal Innovation Mission and SAMRIDH will seek solutions from innovators and entrepreneurs on a range of topics, including solutions to strengthen the healthcare infrastructure, improve diagnostic products and services, build the capacity of healthcare workers, and tactics for communication and behavior change. Notably, there will be a focus on mental health solutions, with an emphasis on support for healthcare providers and patients recovering from adverse effects of the COVID-19 pandemic.”

Highlighting the new pathways to improve health systems in India, Ashwajit Singh, Managing Director, IPE Global, said, “The disruptions triggered by COVID-19 amplified the gaps in well being techniques however have additionally dropped at the fore alternatives to speed up India’s healthcare reforms. The USAID-supported SAMRIDH initiative adopts a holistic method to supply each monetary and technical help to enterprises that carry to the desk distinctive propositions to handle advanced healthcare challenges. The partnership with AIM, NITI Aayog will bolster SAMRIDH’s efforts to scale sustainable healthcare fashions and display modern financing mechanisms to enhance the standard of spending within the well being sector.”

The occasion saying collaboration additionally witnessed the discharge of a paper titled ‘Reimagining Healthcare in India by Blended Finance’ which presents an outline of blended finance and its position in selling healthcare entry in India. Various case research have additionally been supplied which will help in understanding easy methods to apply blended finance approaches, and inspecting the present challenges to attain blended financing at scale. The occasion known as for proposals from innovators and entrepreneurs, notably women-led enterprises which might be engaged on excessive influence well being improvements in India. It concluded with a panel dialogue on the necessity to scale blended financing market options and improvements within the Indian healthcare ecosystem.

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