Scheme for Strengthening Medical Device Industry
On 8th November, 2024, the Union government launched the Scheme for Strengthening the Medical Device Industry.
Key Objectives
- Boost domestic manufacturing of key medical device components, raw materials, and accessories.
- Establish common and testing facilities to enhance manufacturing quality.
- Support clinical studies to improve the safety, efficacy, and marketability of medical devices.
5 Key Components
- Common Facilities for Medical Devices Clusters: Will provide financial assistance to create shared infrastructure like R&D labs, testing centers, and animal labs within medical device clusters.
- Marginal Investment Scheme: Will offer financial support to manufacturers of key components and raw materials, reducing India’s dependence on ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Bharat Cleantech Manufacturing Platform
- 2 Five New Industrial Clusters from India join WEF Initiative
- 3 Logistics Ease Across Different States (LEADS) 2024 Report
- 4 Team Initiative:Boosting Digital Commerce for MSMEs
- 5 Diamond Imprest Authorization Scheme
- 6 National Critical Minerals Mission
- 7 Mutual Credit Guarantee Scheme for MSMEs
- 8 National Manufacturing Mission
- 9 Financialisation of the Economy
- 10 Undercapitalization of Indian Debt Market

- 1 Basic Animal Husbandry Statistics 2024
- 2 National Mission on Natural Farming
- 3 Windfall Gain Tax
- 4 RBI’s 2024 List of Domestic Systemically Important Banks
- 5 RBI’s Framework for Reclassification of FPI to FDI
- 6 4th Phase of Consolidation of RRBs
- 7 India’s Renewable Energy Sector Achieves Significant Growth
- 8 Peak Oil
- 9 World’s First Co2 to Methanol Plant
- 10 Regulatory Framework for Restricted Return InvITs