The Government has invited fresh applications under the Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices, known as PLI-MD 2.0. The scheme has been extended up to 2035-36, with a total outlay of around two thousand seven hundred crore rupees. The online application portal is expected to become operational within the next ten days. 

 

The Ministry of Chemicals and Fertilizers said several changes have been introduced in the scheme based on the experience gained during its first phase. These include simplified eligibility conditions and an easier procedure for claiming incentives.

 

Under the revised scheme, applicants will get three years to establish manufacturing facilities in any of the four target segments. These include medical consumables, disposables and implants; critical components; high-end medical devices with limited domestic manufacturing; and high-end devices that are currently only assembled in the country. The government has also removed the minimum sales threshold for claiming incentives and reduced the minimum investment requirement.

 

To improve ease of doing business, companies can submit multiple applications across one or more target segments. The application window will also remain open continuously for an extended period. The initiative aims to strengthen domestic manufacturing of medical devices and promote investment in the sector.