Under the proposal, the money would be given to patients, who number around 25 lakh, irrespective of their income level.
The Expenditure Finance Committee has approved the proposal and sent it to the Mission Steering Group, the official said.
The initiative is part of the National Strategic Plan for TB Elimination, with the health ministry aiming to eliminate TB by 2025.
"Around 25 lakh patients suffering from tuberculosis will soon be given Rs 500 per month, irrespective of their income level, as social support. A mechanism will be put in place to give the incentives to the patients on the basis of their Aadhaar number and medical documents," the official said.
"The health ministry aims to reduce incidences of TB by 90 per cent by 2025 and reduce mortality due to the disease by 95 per cent by 2030 under the Revised National TB Control Programme," the official said.
The ministry recently rolled out the daily drug regimen to combat the disease across the country.
Under the new treatment policy, patients are given fixed drug combinations - three or four drugs in a single pill - daily, instead of thrice a week (intermittent drug regimen).
"Also, children suffering from tuberculosis won't have to take the bitter tablets anymore as they will be replaced with easily-dissolvable and flavoured drugs," he said.
Since 1997, under the RNTCP, patients were being administered drugs thrice a week. The daily treatment regimen is likely to be more effective with lesser relapses and it is expected to reduce drug-resistance with greater compliance.
The WHO revised its TB management guidelines in 2010, recommending that the daily drug regimen be adopted under the RNTCP.
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