- The scheme comes with an initial outlay of Rs 500 crore for three years and aims to support various aspects of the industry, including:
- Boosting Domestic Manufacturing: Encouraging local production to ensure self-reliance in medical devices.
- Reducing Import Dependency: Aiming to minimize reliance on imported medical devices by fostering innovation and development within the country.
- Supporting Clinical Studies: Funding and facilitating clinical research to ensure that new devices are safe and effective.
- Skill Development: Providing training and development opportunities to build a skilled workforce in the medical device sector.
- Infrastructure Development: Investing in the infrastructure required for the growth and advancement of the industry, such as testing and certification facilities.
- This initiative is part of the broader "Atmanirbhar Bharat" (Self-Reliant India) mission, which aims to make India a global hub for medical device manufacturing and innovation.
Question:
1 What is the total initial outlay for the Scheme for Strengthening the Medical Device Industry?
- A) Rs 500 crore
- B) Rs 250 crore
- C) Rs 300 crore
- D) Rs 1000 crore