Schemes For Pharmaceutical

1. Assistance to Pharmaceutical Industry for Common Facilities

A Central Sector Scheme for Assistance to Pharmaceutical Industry for Common Facilities.

Easy access to standard testing facilities and value addition in the domestic Pharma Industry especially to SMEs through creation of common world class facilities for increased competitiveness.

Financial Assistance

Maximum limit for the grant in aid under this category would be Rs 20.00 crore per cluster or 70% of the cost of project whichever is less. The cost of project includes cost of land, building, administrative and management support expenses including the salary of CEO, engineers, other experts and staff during the project implementation period, preliminary expenses, machinery & equipment, miscellaneous fixed assets and other support infrastructure such as water supply, electricity and margin money for working capital. Grant-in-Aid from GoI will not be utilized towards land and building components of the project.

Common Facilities Common Facilities under the Sub-Scheme will consist of creation of tangible “assets” as Common Facility Centers (CFCs). Some of the indicative activities under the Common Facilities are:- (i) Common Testing Centres (ii) Training Centres (iii) R&D Centres (iv) Effluent Treatment Plants (v) Common Logistics Centres

Implementation Process

(i) Special Purpose Vehicle (SPV)

(ii) Detailed Project Report (DPR)

2. Pharmaceutical technology up gradation Assistance scheme

Objectives : The scheme aim at providing assistances as interest subvention against sanctions loan by any scheduled commercial bank/financial institution , both in public and private sector.

 The facilities small and medium pharma enterprises of proven track record to migrate from scheduled M to world health organisation good manufacturing practise norms to enable them to participate and compete in global market and earn foreign exchange

Covegare : whit budgetary allocation of Rs 144 cores for 2018- 2020 its possible to extent benefits of interest subvention  

Scheme detail:

The upper limit of intrest subvention on loan for technology /infrastructure up gradation shall be restricted to 60% per annum for a period of three year on reducing balance basis . the maximum loan eligible for this purpose will be Rs. 4crore , availed by the concern SME  for purpose of up gradation to Who GDP norms 

Rate of incentive: 5%