Scheme for Strengthening the Medical Device Industry Launched
| Why in News | Key Points | Additional Static Points |
|---|---|---|
| Scheme for Strengthening the Medical Device Industry launched | Total outlay: Rs. 500 Crore | Medical Device Market: $14 billion, expected to grow to $30 billion by 2030 |
| Objective | Focus on manufacturing, skill development, clinical studies, infrastructure, and industry promotion | Scheme launched by: Shri JP Nadda, Union Minister for Chemicals and Fertilizers |
| Sub-schemes | 1. Common Facilities for Medical Devices Clusters - Rs. 110 Crore | Smt. Anupriya Patel, Union Minister of State for Chemicals and Fertilizers |
| 2. Marginal Investment Scheme - Rs. 180 Crore | Shri Arunish Chawla, Secretary, Department of Pharmaceuticals | |
| 3. Capacity Building & Skill Development - Rs. 100 Crore | Common Facilities include R&D Labs, Design Centres, Animal Labs | |
| 4. Medical Device Clinical Studies Support - Rs. 100 Crore | Maximum subsidy: Rs. 10-20% for reducing import dependency | |
| 5. Medical Device Promotion Scheme - Rs. 10 Crore | Up to Rs. 20 Crore for infrastructure support |