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Industry Specific- Pharma Central Ministry of Chemicals and Fertilizers Pharmacy Act, 1948

Modifications in the guidelines of the Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices (PLI MD) relating to revision of Scheduled Commercial Operation Date (SCOD) and invocation of bank guarantee

12-Mar-2024 | No.31026/19/12020-MD

Department of Pharmaceuticals has issued Corrigendum regarding modifications and clarifications in the operational guidelines of the Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices (PLI MD) relating to revision of Scheduled Commercial Operation Date (SCOD) and invocation of bank guarantee, effective from 12th March, 2024. By virtue of the Corrigendum, amendments have been made to the PLI MD guidelines based on decisions taken in the Empowered Committee meeting. The revisions mainly focus on clauses related to the Scheduled Commercial Operation Date (SCOD) and invocation of bank guarantee. Notable changes include the Competent Authorities to revise SCOD for delayed projects, conditions for bank guarantee release upon achievement of commercial production and consequences for non-compliance with scheme requirement. Note- All other clauses in the PLI MD guidelines dated 25.02.2023 and 19.12.2023 remain the same. Please refer to the attached document for more details.

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