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Government launches three schemes for pharma sector MSMEs

Published on July 22, 2022
Current Context: Union minister for health and family welfare, chemicals and fertilizer Mansukh Mandaviya launched three schemes to strengthen Micro Small and Medium Enterprises (MSME) in the pharmaceutical sector.
Government launches three schemes for pharma sector MSMEs
  • Mansukh Mandaviya said the schemes will focus on technology upgradation, the setting up of common research centers, and effluent treatment plants.
  • The schemes are rolled out under 'Strengthening Pharmaceutical Industry' (SPI). SIDBI (Small Industries Development Bank of India) will act as a project management consultant for the implementation of the scheme. The proposed schemes will provide credit-linked capital and interest subsidy for technology upgradation to MSME units.
  • The scheme will also provide 20 crores each for common facilities including research centers, testing labs, and ETPs.
  • The pharmaceutical Technology Upgradation Assistance Scheme(PTUAS) will help the MSMEs in the pharmaceutical sector with technology upgradation.
  • The scheme provides a capital subsidy of 10 percent on loans up to a maximum limit of Rs 10 crore with a minimum of three years of the repayment period or interest subversion of up to 5 percent (6 percent for units owned by SC/ST) on reducing balance basis.
  • Assistance to pharma Industries for the common facilities scheme(API-CF) will help in strengthening the existing pharmaceutical cluster capacity. The scheme will provide an assistance of 70 percent of the approved project cost of Rs 20 crore. The grant provided will be Rs 20 crore per cluster or 90 percent of the project cost for MSMEs in the pharma sector in the Himalayan and North Eastern regions.
  • The Pharmaceutical and Medical Device Promotion and Development Scheme (PMPDS) will prepare a study report on important topics in the Indian pharma and medical device industry. This scheme will create a database of the pharma and medical device sectors.

Question: 

Q.1 Name the Union Minister who has recently launched three schemes to strengthen MSMEs in the pharmaceutical sector?
a. Bharati Pawar
b. Mansukh Mandaviya
c. V G Somani
d. Bhagwanth Khuba
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