Guidelines for production linked incentive schemes of pharmaceuticals issued by government

Guidelines for production linked incentive schemes of pharmaceuticals issued by government

Guidelines for production linked incentive schemes of pharmaceuticals issued by government

The government today has issued operational guidelines for the department of pharmaceuticals under the "production linked incentive (PLI) scheme for pharmaceuticals" worth 15000 crores passed on 3rd March 2021. Here the government is to provide financial benefits to pharmaceutical companies for manufacturing medicines in vitro diagnostics and their raw materials. 

The incentive provided will have a contract for six years which will end on March 20 2019 and the proportion of incremental sales is predicted to be much more than the base year which is 2019 to 2020. Based on the global manufacturing revenue application from three groups has been invited from the base year and The eligible products have been categorized into these three categories. The first and the second category product attract 10% incentive and 5%t would be attracted by the third category on the incremental sales which will be based on the above-mentioned base year.

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