AMD-CF Scheme Assistance to Medical Device Clusters for Common Facilities
Why in the News?
AMD-CF Scheme has been launched along with the National Medical Devices Policy, 2023.
Quick Facts
Purpose: Promotes self-reliance in manufacturing of medical devices
Tenure: 2023-24 to 2026-27
Components: Assistance for Common Facilities and Assistance for Testing Facilities
Project Management Agency: SIDBI
Objective
Strengthen Medical Device clusters by providing financial assistance and to strengthen and establish more testing laboratories for Medical Devices.
Salient Features
Two components :
(1) Assistance for Common Facilities:
(2) Assistance for Testing Facilities:
Assistance for Common Facilities:
Incentive :
Limit of support will 70% of the approved project cost or Rs.20 cr., whichever is less.
For Himalayan and North East Region States, grant-in-aid would be Rs. 20 Crore per Cluster or 90% of the project cost, whichever is less
Special Purpose Vehicle (SPV) to formed by the Medical Devices manufacturing units in a cluster to execute the project.
There shall be a minimum of 5 Medical Device manufacturing units as members of SPV.
State Government can also promote a cluster.
Individual manufacturing unit cannot hold more than 40% in the SPV. Medical Devices enterprises shall hold at least 51% equity of the SPV.
Assistance for Testing Facilities:
To strengthen availability of more Medical Device Testing Laboratories in order to boost manufacturing of quality medical devices.
Incentive :
Limit of support will be 70% of the approved Testing Facilities project cost or Rs. 5 cr., whichever is less.
For Himalayan and North East Region States, grant-in-aid would be Rs. 5 Crore per Cluster or 90% of the project cost, whichever is less
Any National or State level Government or Private institutions interested to establish or strengthen testing facilities for testing of Class A, B, C and D medical devices including in-vitro diagnostic medical devices under Medical Device Rules, 2017 are eligible.
Such legal entity under the Indian law will open a separate account for the funds to utilized for the projects assisted under the sub-scheme.
| National Medical Devices Policy | |
| Vision | Strategy |
| Accelerated growth path with a patient-centric approach. To emerge as the global leader in the manufacturing and innovation of medical devices by achieving, 10-12% share in the expanding global market over the next 25 years. To help the Medical Devices Sector grow from present $11 Bn to $50 Bn by 2030. | Regulatory Streamlining, Enabling Infrastructure, Facilitating R&D and Innovation, Attracting Investments in the Sector, Human Resources Development, Brand Positioning and Awareness Creation. |
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