Government Invites Fresh Applications Under Rs 2,700 Crore Medical Device PLI Scheme
The revamped program removes sales thresholds and lowers investment requirements to spur domestic output and cut reliance on imported medical technology.
- On Tuesday, The Central Government extended the Production Linked Incentive Scheme until 2035-36 and reopened applications with approximately Rs 2,700 crore available for manufacturers.
- Launched in 2020-21, the program has supported domestic manufacturing of more than 60 high-end medical devices including MRI, CT, X-ray, and LINAC, reducing India's reliance on imported medical technology.
- The Ministry of Chemicals and Fertilizers introduced PLI-MD 2.0 to promote advanced equipment like PET-CT scanners. "Under the Scheme, the minimum sales threshold requirement to claim incentives has been discontinued," the release stated.
- Manufacturers have three years to establish production facilities across four target segments, with the online application portal expected to become operational within the next 10 days.
- Incentives average around 5% to 9% depending on segment, positioning MSMEs to strengthen domestic supply chains and improve India's competitiveness in high-end medical technologies.
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10 Articles
The Economic Times
Times of IndiaGovernment invites fresh applications under Rs 2,700 crore medical device PLI scheme
The government is inviting new applications under the Production Linked Incentive Scheme for Medical Devices. This scheme has been extended until 2035-36 with an outlay of Rs 2,700 crore. Eligibility conditions have been simplified, and new applicants can submit multiple applications across different target segments. The revised scheme aims to enhance domestic manufacturing of high-end medical devices and improve global competitiveness.
Govt extends medical devices PLI scheme till 2035–36, invites fresh applications with Rs 2,700 crore available
The Central Government has extended the Production Linked Incentive (PLI) Scheme for promoting domestic manufacturing of medical devices till 2035–36 and invited fresh applications from manufacturers, with approximately Rs 2,700 crore available under the scheme.
Social News XYZ
Govt invites fresh applications under PLI scheme for medical devices
New Delhi, Nov 10 (SocialNews.XYZ) The Union government has invited fresh applications under the Production Linked Incentive scheme for promoting domestic manufacturing of medical devices (PLI-MD), for which nearly Rs 2,700 crore outlay has been... - Social News XYZ
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