Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices
By Ministry of Chemicals and Fertilizers
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Quick Answer
A flagship Production Linked Incentive (PLI) scheme by the Indian government to boost domestic manufacturing of medical devices by offering 5% financial incentives on incremental sales.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- —
- Location
- Open to startups registered in India
- Registrations needed
- Private Limited company registration
Results & next round
Applications for this round are closed. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by Ministry of Chemicals and Fertilizers. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this subsidy
The Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices, spearheaded by the Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers, is a critical initiative to enhance India's self-reliance in the healthcare sector. The scheme's primary objective is to significantly boost domestic manufacturing capabilities and attract substantial investments in the medical device industry. By offering financial incentives to companies operating greenfield projects in India, it aims to reduce import dependence and establish India as a global manufacturing hub for medical technology.
The incentives are structured based on incremental sales achieved over a base year (FY 2019-20) and are subject to stringent threshold investment conditions. This approach ensures that the scheme rewards companies for measurable growth and commitment to scaling their manufacturing operations within the country. The program is implemented and managed by the Industrial Finance Corporation of India (IFCI), which acts as the Project Management Agency (PMA), overseeing the application, appraisal, and disbursement processes.
The scheme focuses on four key target segments to strategically develop crucial areas of medical device manufacturing:
- 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 like Cochlear Implants and Pacemakers.
A key component that constitutes a major part of a finished medical device, such as Rotating Anode Tube, MRI Magnet, or Flat Panel Detector, and has a distinct HS code, is also considered eligible under the corresponding target segment, promoting deeper localization of the supply chain.
Eligibility
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Subsidy providers
The Ministry of Chemicals and Fertilizers is a Union government ministry that oversees three departments: Chemicals and Petrochemicals, Fertilizers, and Pharmaceuticals. Its schemes cover production-linked incentives for manufacturers, market support for organic fertilisers, and…
Learn moreBenefits & Funding
What You Get
The Production Linked Incentive (PLI) scheme offers a significant 5% financial incentive on the incremental sales of manufactured medical devices over a base year (FY 2019-20). This incentive is designed to reward companies for scaling up their domestic production and contributing to India's manufacturing capabilities.
To qualify for these incentives, applicants must meet specific threshold conditions, including a minimum cumulative investment of ₹180 crore over three years. Additionally, companies must achieve prescribed incremental sales targets each year, starting from ₹120 crore in Year 1 and escalating to ₹560 crore by Year 5. The scheme supports greenfield projects across critical medical device segments such as cancer care, radiology & imaging, anaesthetics & cardio-respiratory devices, and all implants. Beyond the direct financial benefits, the scheme provides strategic regulatory support and grants facilitation through the Project Management Agency, IFCI, helping companies navigate the operational aspects of domestic manufacturing and claim processes.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Selection Process
The selection process involves several stages to ensure that only eligible and high-potential projects receive the incentives. Applications are first appraised rigorously by the Project Management Agency (PMA), Industrial Finance Corporation of India (IFCI). This appraisal includes a detailed review of the proposed greenfield project, the financial viability, the commitment to threshold investments, and the projected incremental sales targets. Following the PMA's appraisal, eligible applications are then presented to an Empowered Committee for final consideration and approval. This committee evaluates the strategic alignment of the projects with the scheme's objectives and their potential impact on domestic medical device manufacturing.
Application Process
- 1
Prepare Application
Gather all necessary details and documents as per scheme guidelines.
You - 2
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How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of the PLI Scheme for Medical Devices?
The scheme aims to boost domestic manufacturing of medical devices in India, attract large investments, reduce import dependence, and make India a global hub for medical technology by providing financial incentives.
What kind of financial incentive is offered?
The scheme offers a 5% financial incentive on the incremental sales of manufactured medical devices over a predefined base year (FY 2019-20). This is a non-repayable subsidy.
What are the key eligibility criteria for applicants?
Applicants must be companies registered in India (including LLPs) that are establishing new greenfield manufacturing projects for medical devices within one of the four specified target segments. They must also meet minimum cumulative investment and incremental sales thresholds.
Which medical device segments are covered under this scheme?
The scheme covers four target segments: Cancer care/Radiotherapy devices, Radiology & Imaging devices, Anaesthetics & Cardio-Respiratory devices (including Oxygen Concentrators and Renal Care), and all types of implants, including electronic implantable devices.
What is the required minimum investment?
Applicants are required to achieve a minimum cumulative investment of ₹180 crore over three years. There are also year-wise minimum investment targets.
How is the application process managed?
Applications can be submitted online through the dedicated portal. The applications are appraised by the Industrial Finance Corporation of India (IFCI), which acts as the Project Management Agency, and eligible applications are then considered by an Empowered Committee for approval. Incentive claims are released after verification.
Sources
Data on this page is compiled from official program and provider references.
