Infrastructure Schemes
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Pradhan Mantri Gram Sadak Yojna (PMGDY)
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National Industrial Corridor Development Programme (NICDP)
Healthcare Schemes
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Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)
Scheme for Strengthening the Medical Device Industry
The Union Minister of Chemicals and Fertilizers and Health and Family Welfare, Jagat Prakash Nadda, launched a scheme on November 8, 2024, to strengthen the medical device industry. The Government plans to spend a total of Rs. 500 crore on the entire scheme. The scheme consists of 5 sub-schemes:- Common Facilities for Medical Cluster Devices: With a budget of Rs 110 cr, the Central Government will assist Medical device Clusters in creating common infrastructure projects like R&D Labs, animal labs, etc.
- Marginal Investment Scheme for Reducing Import Dependence: The government has allocated 180 crore for this sub-scheme. This aims to reduce the dependence of the Indian market on imports. It provides for manufacturing of important components, raw materials, and accessories within the country
- Capacity Building and Skill Development for Medical Devices: This sub-scheme focuses on capacity building and skill development for the medical device sector. The primary goal is to ensure that we have a talented and skilled workforce who can design and develop products for the medical industry. The allocated budget is Rs. 100 crore.
- Medical Device Clinical Studies Support Scheme: This scheme is for helping start-ups and even established companies conduct clinical studies. The scheme aims to benefit the medical industry by allowing an increase in clinical studies. For this scheme, too, the budget is Rs. 100 crore.
- Medical Device Promotion Scheme: Lastly, this scheme, with a budget of Rs. 10 crore, has been developed to provide financial assistance to promote medical device activities. It also provides for the conduct of studies. It supports industry associations and export councils by providing financial assistance to organize conferences and other events that promote medical device-related activities.