The Government has invited fresh applications under the Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices (PLI-MD), which has now been extended up to the year 2035-36.

 

An outlay of approximately two thousand 700 crore rupees available under the scheme will be utilized for the purpose.

 

The applicants can submit applications through an online portal, which will be operational in the next 10 days.

 

The Ministry of Chemicals and Fertilizers said that on the basis of learnings in the first phase of the Scheme, a number of simplifications have been done in the eligibility conditions as well as procedure for claiming incentive by the applicants.

 

The applicants shall be allowed three years for setting up their manufacturing facilities in any of the four Target Segments (TS) which are medical consumables, disposables and implants, Critical components, high-end medical devices which are presently at a nascent stage of domestic manufacturing and high-end medical devices that are presently only assembled in the country.

 

Under the PLI-MD 2.0, the minimum sales threshold requirement to claim incentive has been discontinued and minimum investment requirement has also been trimmed.

 

To enhance ease of doing business, the scheme guidelines have been made easier and investor friendly.  The applicants shall be free to submit any number of applications in one or more TS and the application window shall remain continuously open over a long period of time.