Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices 2026 – 5% Incentive on Incremental Sales

At a glance

Benefits

• 5% incentive on incremental sales of manufactured goods over the base year (FY 2019-20)

Who can apply (eligibility)

• Applicant must be a company registered in India
• Applicant may also be registered as a Limited Liability Partnership (LLP)
• Applicant must be engaged in manufacturing of medical devices covered under the target segments
• Applicant must establish a greenfield project in India
• Applicant must meet the threshold investment and incremental sales criteria
• Applicant must fulfill all conditions specified for disbursement of incentives
• Applicant must achieve minimum cumulative investment of ₹1,80,00,00,000 over 3 years
• Applicant must achieve incremental sales as specified for each year
• Applicant must submit a complete application within the application window of 120 days
• Applicant’s eligibility under this scheme does not affect eligibility under other schemes
• Target Segment 1: Cancer care / Radiotherapy medical devices
• Target Segment 2: Radiology & Imaging medical devices (both ionizing & non-ionizing radiation products) and Nuclear Imaging devices
• Target Segment 3: Anaesthetics & Cardio-Respiratory medical devices, Oxygen Concentrators, including Catheters of Cardio-Respiratory Category & Renal Care medical devices
• Target Segment 4: All implants, including implantable electronic devices

Documents required

• Certificate Of Incorporation
• Details Of Greenfield Project
• Investment Details And Proof
• Incremental Sales Data (Certified By Statutory Auditor)
• Auditor Certificate
• Financial Statements
• Any other supporting documents as required by the department

How to apply

1. 1Visit the official portal https://plimedicaldevices.ifciltd.com/.
2. 2Check eligibility and prepare the application with all required documents.
3. 3Submit the application online within 120 days of the application window.
4. 4(Offline) Prepare the application with all required details.
5. 5(Offline) Submit the application within 120 days of the application window.
6. 6(Offline) The application is appraised by the Project Management Agency (Industrial Finance Corporation of India).
7. 7(Offline) Eligible applications are considered by the Empowered Committee for approval.
8. 8(Offline) Approved applicants submit claims for incentive disbursement.
9. 9(Offline) The incentive is released after verification of claims.

Frequently asked questions