Government Invites Proposals under the Scheme for Strengthening of Medical Device Industry (SMDI)
New Delhi ( The Indian View team) : 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, reduce import dependence, support innovation and increase the depth of value chains in the medical devices sector.
Applications are invited under the following two sub-schemes:
Marginal Investment Scheme for Reducing Import Dependence
Medical Device Clinical Studies Support Scheme
Selected applicants would be incentivised through one-time capital subsidy of up to ₹10 crore on reimbursement basis for manufacturing key components/ raw material/ finished devices/ accessories to reduce import dependence under Marginal Investment Scheme.
The department will provide financial support of up to ₹5 crore under MDCSS Scheme for conducting clinical investigation/clinical performance evaluation/Post Market Follow-up Study/animal studies to the eligible applicants on reimbursement basis.
