About this business scheme
The objective of the Scheme is to provide financial incentive to boost domestic manufacturing and attract large investments in the Medical Device Sector.
The scheme “Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices” by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers aims to boost domestic manufacturing and attract large investments through providing financial incentives to companies engaged in manufacturing medical devices in India. The scheme provides incentives based on incremental sales over the base year and subject to threshold investment conditions. The scheme is applicable only for greenfield projects and is implemented through a Project Management Agency.
Target Segments:
Target Segment shall mean one of the four segments, viz.:
- Cancer care / Radiotherapy medical devices
- Radiology & Imaging medical devices (both ionizing & non-ionizing radiation products) and Nuclear Imaging devices
- Anaesthetics & Cardio-Respiratory medical devices, Oxygen Concentrators, including Catheters of Cardio-Respiratory Category & Renal Care medical devices
- All implants, including implantable electronic devices
- Tenure of the Scheme: Financial Year 2020-21 to Financial Year 2027-28.
- Project Management Agency: The scheme is implemented through a Nodal Agency, namely Industrial Finance Corporation of India (IFCI), which acts as the Project Management Agency (PMA).
Benefits at a glance
| Scheme name | Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices (PLISPDMMD) |
|---|---|
| Launched by | Ministry Of Chemicals And Fertilizers |
| Department | Department Of Pharmaceuticals |
| Launch year | 2020 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | Central · All India |
| Official portal | plimedicaldevices.ifciltd.com (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Scheme for | Infra |
| Application mode | Online / Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 3+ years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 3+ years
- 📝Online / Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Financial Incentive: 5% incentive on incremental sales of manufactured goods over the base year (FY 2019-20).
Who qualifies
General Eligibility:
- The applicant must be a company registered in India.
- The applicant may also be registered as a Limited Liability Partnership (LLP).
- The applicant must be engaged in manufacturing of medical devices covered under target segments.
- The applicant must establish a greenfield project in India.
- The applicant must meet the threshold investment and incremental sales criteria.
- The applicant must fulfill all conditions specified for disbursement of incentives.
Threshold Conditions:
- The applicant must achieve minimum cumulative investment of Rs. 1,80,00,00,000 over 3 years.
- The applicant must achieve incremental sales as specified for each year.
Additional Conditions:
- The applicant must submit a complete application within the application window of 120 days.
- The applicant’s eligibility under this scheme does not affect eligibility under other schemes.
Target Segments of Medical Devices Eligible under the Scheme:
| Target Segment No. | Description of Medical Devices covered under the Target Segment |
| Target Segment 1 | Cancer care/Radiotherapy medical devices |
| Target Segment 2 | Radiology & Imaging medical devices (both ionizing & non-ionizing radiation products) and Nuclear Imaging Devices |
| Target Segment 3 | Anaesthetics & Cardio-Respiratory medical devices, including Catheters of Cardio Respiratory Category & Renal Care Medical Devices |
| Target Segment 4 | All Implants including implantable electronic devices like Cochlear Implants and Pacemakers |
Note:
- A key component that constitutes a major part of a finished medical device (such as Rotating Anode Tube, Stationary Anode Tube, MRI Magnet, Flat Panel Detector, and similar components), and has a distinct HS code for itself, will be considered as included in the corresponding target segment.
Eligibility Threshold Criteria:
| Segment | Incentive Rate (on Incremental Sales of Manufactured Goods) | Threshold Minimum Investment | Threshold Minimum Incremental Sales of Manufactured Goods |
| All four segments of medical devices (detailed in Annexure A) | Year 1: 5%; Year 2: 5%; Year 3: 5%; Year 4: 5%; Year 5: 5% | INR 180 Crore over 3 Years; Cumulative Minimum (Crore): Year 1: 60; Year 2: 120; Year 3: 180 | Year 1: INR 120 Crore; Year 2: INR 240 Crore; Year 3: INR 360 Crore; Year 4: INR 460 Crore; Year 5: INR 560 Crore |
Who is not eligible
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Registration walkthrough
Online
- The eligible applicants (Category-B applicants) may apply through online mode only. The link is: https:/plimedicaldevices.ifciltd.com/
Contact: Click here.
Offline
Step 1: The applicant must prepare the application with all required details.
Step 2: The applicant must submit the application within 120 days of the application window.
Step 3: The application is appraised by the Project Management Agency.
Step 4: Eligible applications are considered by the Empowered Committee for approval.
Step 5: Approved applicants submit claims for incentive disbursement.
Step 6: The incentive is released after verification of claims.
Important dates
| Launch / start | 21 Jul 2020 |
|---|
Frequently asked questions
What is the objective of the scheme?
The scheme aims to boost domestic manufacturing and attract investments in the medical devices sector.
Who implements the scheme?
The scheme is implemented by the Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers.
Who can apply under this scheme?
Any company registered in India and a Limited Liability Partnership (LLP), is eligible to apply under the scheme for manufacturing of eligible medical devices.
What type of projects are eligible?
Only greenfield projects are eligible under the scheme.
What is the incentive rate under the scheme?
The incentive rate is 5% on incremental sales over the base year.
What is the base year for calculation?
The base year for calculation of incremental sales is FY 2019-20.
For how long is the incentive provided?
The incentive is provided for 5 years from FY 2021-22 to FY 2025-26.
What is the minimum investment required?
The applicant must invest at least Rs. 1,80,00,00,000 over 3 years.
What are the target segments under the scheme?
The scheme covers cancer care, imaging, cardio-respiratory devices, and implants. Oxygen concentrators are included under Target Segment 3 in the category of anaesthetics and cardio-respiratory medical devices.
Is there any application time limit?
Yes, applications must be submitted within 120 days of the application window.
How are applications evaluated?
Applications are evaluated by the Project Management Agency and approved by the Empowered Committee.
How is the incentive disbursed?
The incentive is disbursed after verification of claims submitted by the company.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines plimedicaldevices.ifciltd.com (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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