Scheme for Strengthening of Medical Device Industry

Scheme for Strengthening of Medical Device Industry Latest News

Recently, the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has invited applications from eligible entities under the Scheme for Strengthening of Medical Device Industry (SMDI) to promote domestic manufacturing. 

About Scheme for Strengthening of Medical Device Industry

• It is a comprehensive scheme which targets critical areas of the medical device industry.
• It covers manufacturing of key components and accessories, skill development, support for clinical studies, development of common infrastructure and industry promotion.
• It has a total outlay of 500 Crores.

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Sub-schemes of Scheme for Strengthening of Medical Device Industry (SMDI)

• Common Facilities for Medical Devices Clusters: Common facilities for medical devices clusters, the Central Government will provide financial assistance to medical device clusters for creating common infrastructure facilities such as R&D labs, Design and Testing Centre, Animal Labs etc.
• Marginal Investment Scheme for Reducing Import Dependence: It is designed to deepen the MedTech supply chain in the country, by focusing on manufacturing of key components, raw materials, and accessories within the country.
  • It offers a one-time capital subsidy of 10-20%, with a maximum cap of Rs 10 crore per project.
• Capacity Building and Skill Development for Medical Devices: It focuses on capacity building and skill development for the medical device sector. Its goal is to develop a skilled technical workforce capable of designing and developing MedTech products.
• Medical Device Clinical Studies Support Scheme: It is designed to assist both established companies and start-ups in conducting clinical studies.
  • It provides financial support for animal studies, human trials, clinical investigation of investigational devices, clinical performance evaluations.
• Medical Device Promotion Scheme: It aims to support industry associations and exports councils to organize conferences, conduct surveys and studies.

Source: PIB