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by (2.3k points)

How to open a drug store or Pharmacy?

To open a drug store or Pharmacy one should be qualified and certified from a designated educational institution along with proper financial plans. The following points should consider to start a drug store.

·         Selection of location: This is first point for opening a drug store. The location can be classified into two ways, geographic and functional. The geographic also classified into two ways one is Rural or small town  and second one is big cities or town. The functional area can be classified into three ways.

a)      Suscipient: examples Hotel,airport,resort area and drug store in hospital.

b)      Interceptive: examples large office, building, contennient.

c)       Generative: examples shopping centres a nd outlaying retail store.

·         Analysis of market potential: After selection of place then analyse the area.

·         Acquisition of premises:

·         Layout design:

·         Financial requirement to start a drug store:

a)      Requirement of working capital

b)      Cash

c)       Credit facilities

Institutes which provide finance

by (2.3k points)

How to start a medical store?

For opening the retail drug store some legal requirements should be full fill those are;

Minimum qualification; The person should be registered pharmacist with the state pharmacy council. For this registration minimum qualification is diploma in pharmacy.

 For whole sale drug store matriculation with four years experience selling of drugs in the chemist shop on salary basis or diploma in pharmacy.

Minimum space: In drugs and cosmetics act and rules 1945 not mentioned minimum area, desirable area for opening retail drug store is 10sq.meters and for whole sale also 10sq. Meters sufficient.

Store arrangements:

There sufficient number of racks for store drugs and pharmaceutical preparations.

For storage of antibiotics, vaccine, sera, enzymatic preparation and others should store at a temperature 2-8o c a refrigerator is necessary.

Documents required for open a retail store:

Licence: For new licence the following forms are required in any state.

·         Application on form 19* (Duplicate) of the drugs and cosmetics act 1945. One form for the biological drugs and another form for the non-biological drugs

·         A fee of Rs 1500 per licence total 3000 Rs (cost may varied) to be deposited in the state bank of India/ Government treasury under specific head for grant of retail sale licence.

·         An attested copy of diploma in pharmacy from any institution duly recognised by PCI (pharmacy council of India)

·         An attested copy of registration certificate by state pharmacy council

·         An attested copy of matriculation certificate.

·         Affidavit forms the qualified person in case he is an employee of a drug store.

·          Affidavit on non judicial stamp paper duly attested by a first class magistrate by each partner in case o partnership concern and by proprietoryship.

·         A map of the retail drug store duly signed by proprietor or partners of firm.

·         Rent receipt in case rented premises or an affidavit to that effect if person himself is owner of the premises.

·         A copy of partnership deed in case of partnership concern

·         Refrigerator purchase receipt.

PCI is planning to make it mandatory to wear the white coat bearing name of the registered pharmacist who is running pharmacy.

  The licence validity is 5years. It required to renewed before its expiry.

                        Documents required for the renewal of retail sale licence:

·         Application on form 19* (Duplicate) of the drugs and cosmetics act 1945. One form for the biological drugs and another form for the non-biological drugs

·         A fee of Rs 1500 per licence total 3000 Rs (cost may varied) to be deposited in the state bank of India/ Government treasury under specific head for grant of retail sale licence.

·         A late fee of 500 Rs licence per month or part thereof.

·         Original licence in case of first renewal and latest renewal certificate in case of subsequent renewals.

·         Affidavit to be given on non-judicial stamp paper by a partner if any duly attested by Oath commissioner.

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