Govt releases guidelines for scheme strengthening of Pharmaceutical Industry

New Delhi: Chemicals and Fertilizers Ministry has released guidelines for the scheme Strengthening of Pharmaceutical Industry. The Ministry said, the scheme will extend support required to existing pharma clusters and Micro, Small and Medium Enterprises across the country. The objective of the scheme to improve productivity, quality and sustainability of the pharma industries with a total financial outlay of five hundred crore rupees for the period from financial year 2021-22 to 2025-26.

The Ministry said, the scheme will establish the country a global leader in



pharma sector by providing financial assistance to pharma clusters for creation of common facilities. This will not only improve the quality but also ensure the sustainable growth of clusters. In order to upgrade the production facilities of industries, interest subvention or capital subsidy on their capital loans will be provided. Pharmaceutical Technology Upgradation Assistance Scheme component of the scheme will facilitate pharma industries of proven track record to meet national and international regulatory standards.