smdi.lsssdc.in : Scheme for Strengthening of Medical Device Industry

Organisation : Department of Pharmaceuticals
Scheme Name : Scheme for Strengthening of Medical Device Industry
Applicable Country : India
Website : https://smdi.lsssdc.in/

What is LSSSDC SMDI Scheme?

Medical device is a sunrise industry in India, with double digit growth rate. Due to efforts of the government in the last decade in creating a suitable eco-system and incentivizing production of medical devices through PLI scheme, production of technology intensive medical devices such CT scan, MRI, C-arm etc. has started in India. However, as a nascent industry, the sector is facing following KEY challenges.

Related / Similar Scheme : PRIP Scheme

Who Can Benefit From LSSSDC SMDI Scheme?

Beneficiaries include Central/State Government organizations, companies or LLPs registered in India, and Special Purpose Vehicles (SPVs) that intend to manufacture key components or raw materials for medical devices. This also includes medical device or in-vitro diagnostic manufacturers with manufacturing facilities in India that intend to produce key components or raw materials, manufacturers of critical raw materials that intend to produce medical grade materials, and manufacturers or importers who intend to manufacture medical devices that are currently on the GTE list.

FAQ On LSSSDC SMDI Scheme

Frequently Asked Questions (FAQs) On LSSSDC SMDI Scheme

Who is the Project Management Agency (PMA) for the “Scheme for Strengthening of Medical Device Industry (SMDI)”?
The Life Sciences Sector Skill Development Council (LSSSDC) is the authorized PMA for the following Sub-schemes under the SMDI scheme:
** Marginal Investment Scheme for Reducing Import Dependence
** Medical Device Clinical Studies Support Scheme
** Capacity Building and Skill Development for Medical Devices (for Component B only)

What kind of financial incentive is provided?
The scheme provides a one-time capital subsidy on a reimbursement basis. The incentive varies based on company turnover: 20% of the investment or Rs. 10 crore (whichever is less) for companies with turnover up to Rs. 250 crore, 15% of the investment or Rs. 10 crore (whichever is less) for companies with turnover between Rs. 250 and Rs. 1000 crore, and 10% of the investment or 10 crore (whichever is less) for companies with turnover above Rs. 1000 crore. Central/State Government Organizations receive a grant of 20% of the investment or Rs. 10 crore, whichever is less.

What costs are included when calculating the incentive?
The total project cost can include land, building, infrastructure, machinery, and related utilities. However, the subsidy is calculated only on fixed investment, excluding land costs.

What kind of activities or products are eligible?
The scheme supports manufacturing of a wide range of components, raw materials, and accessories, including, but not limited to: sensors, embedded software, closures, pumps, optical filters, electrodes, antigens, membranes, tubing, and raw materials like polymers, metals, and packaging material. The SSC can also include additional items or revise the list.

What is a “Special Purpose Vehicle” (SPV) in the context of this scheme?
A Special Purpose Vehicle (SPV) is a legal entity registered under the Companies Act, 2013, or the Societies Registration Act, 1860. It is formed by medical device manufacturing units in a cluster toexecute projects, such as developing a common facility Medical Device Clinical Studies Support Scheme Questions

What is the main goal of the Medical Device Clinical Studies Support Scheme?
This scheme aims to support the medical device industry by fostering the development of devices supported by clinical evidence. This involves generating clinical data to show the safety and effectiveness of devices manufactured in India, promoting quality products and opening opportunities for manufacturers in international markets.

Contact

Call : 011–41042407/08
Email : info [at] lsssdc.in