Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS)

Releases financial assistance for study reports and surveys in three installments of 30%, 30%, and 40%.

Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS) to facilitate growth and development of Pharmaceutical and Medical Devices Sectors through study/survey reports, awareness programs, creation of database, and promotion of industry. Outlay of INR 21.5 Cr will be leveraged across the period of five years to promote knowledge and awareness about the Pharmaceutical and MedTech. This will be done by undertaking studies, building databases and bringing industry leaders, academia and policy makers together to share their knowledge and experience for overall development of the Pharma and Medical Devices sector.

Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS) Objective Image

Objectives

The first objective is to promote Pharmaceutical and Medical Device Industry by bringing industry leaders, academia and policy makers together to share their knowledge and experience for overall development of the sectors.
The other objective of the scheme is to facilitate growth and development of the sectors through conducting studies, organizing awareness programs, creation of databases and promotion of industry.

Benefits

Preparation of study reports on topics of importance for Indian Pharmaceutical and Medical Device industry.
Support to Pharma and Medical Devices organizations to organize seminars, conferences, conventions, workshop & exhibitions (all such sessions individually referred to herein as the “Event”).
Non-financial Logo support for Pharma and Medical Devices events.
Creation of Database of pharmaceutical and medical device sector.
Organizing Mega events like annual India Pharma and Medical Devices meet and participating in other national or international events.

Pharmaceutical & Medical Devices Promotion and Development Scheme (PMPDS) Benefit Image

Eligibility

The pharmaceutical and medical devices industry in India will be the beneficiary of this scheme. Grants will be provided to any of the followings: -
Recognized Industry associations that are significantly representative
Organizations/Firms with track record in conducting studies/survey etc. in Pharmaceuticals, medical devices and related sectors.
Government/quasi-government agencies with relevant experience.

How to Apply?

Eligible organizations seeking financial assistance shall apply at least 60 days prior to the proposed event on online portal.

Preliminary proposals giving details of the proposed event, topic/theme of the knowledge dissemination event, likely speakers and participants and other details such as venue, likely date etc.will be required to be submitted.

PMC will scrutinize the applications received on online portal and submit its recommendation to SSC for approval and release of grant by the department.

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