New Delhi, March 30 -- In a recent finding that could reshape public health policy globally, a new research study demonstrates that the Pradhan Mantri Jan Arogya Yojana (PM-JAY), India's flagship healthcare programme, is achieving far more than its primary objective. It is fundamentally transforming the financial resilience of India's poor, creating a silent yet powerful ripple effect throughout the economy. The impact of the world's largest government-funded health insurance scheme reveals a remarkable 35% reduction in loan delinquency rates among beneficiaries in districts implementing PM-JAY, particularly for microfinance loans.

This finding in a study by Indian School of Business (ISB) highlights a crucial yet previously unexplored c...