New Delhi: The mega healthcare scheme NHPS announced in the Budget will entail an investment of Rs 10,000-Rs 12,000 crore and is likely to be launched on either 15 August or 2 October, said official sources.

The premium for every household for the insurance scheme is expected to be around Rs 1,000-1,200 annually.

The expenditure on the National Health Protection Scheme (NHPS), which seeks to provide health cover of Rs 5 lakh to 10 crore households, will be borne jointly by the centre and the states, said Niti Aayog advisor Alok Kumar.

The scheme has been touted as the world’s largest government-funded health care programme.

While the Centre will bear an annual burden of around Rs 5,000-6,000 crore towards premium on health cover, the remaining amount will come from the state governments, he said.

Kumar further said that the premium for each household for the insurance cover would work out to be between Rs 1,000 and Rs 1,200, which will be borne by the state.

Seeking to allay concerns about the funding of the National Health Protection Scheme (NHPS) announced in the Budget, Health Minister JP Nadda on Friday assured that finances will never be a problem and said the Centre was working out the nitty-gritty of the programme.

Touted to be the world’s largest government-funded health care programme, the scheme is aimed at benefiting 10 crore poor families by providing coverage of up to Rs 5 lakh per family per year for secondary and tertiary health care.

“We will give the details but not today. We are working on the nitty-gritty. We have to work that out with all other departments as well. We will give the details (later),” Nadda told reporters in New Delhi without explaining the modalities of how the government proposes to go about implementing the scheme.

He said the government is committed to rolling out this programme. “We have made all arrangements for it.”

He said every aspect of the scheme “has been calculated” and the details of the programme will only be shared when the government is ready to roll it out.

Asked who will pay the premium for the scheme, Nadda said “The government will pay the premium for state’s share. For this Rs 2,000 crore has been kept for it as of now.”

The National Health Protection Scheme, announced by Finance Minister Arun Jaitley on Thursday in his Budget speech for 2018-19, will cover approximately 50 crore people.

“History is the witness that whatever we (the BJP-led government) have committed, we have completed. That is why finance is not the problem, has never been the problem and will never remain a problem,” Nadda said.

He said that all the diseases will be covered under the scheme.