JP Nadda Launches ‘Strengthening Medical Device Industry’ Scheme
Union Health and Family Welfare Minister JP Nadda has introduced the ‘Strengthening the Medical Device Industry’ scheme, with a budget of Rs 500 crore. This initiative aims to enhance the sector by focusing on manufacturing essential components, skill development, clinical studies support, and infrastructure creation.
Key Objectives
The scheme is designed to reduce import dependency and advance India’s vision of self-reliance, known as Viksit Bharat 2047. Nadda highlighted the government’s commitment to transforming the industry and positioning India as a global leader.
Sub-Schemes and Allocations
| Sub-Scheme | Allocation (Rs) |
|---|---|
| Common Facilities for Medical Devices Clusters | 110 crore |
| Marginal Investment Scheme for Reducing Import Dependence | 180 crore |
| Capacity Building and Skill Development | 100 crore |
| Medical Device Clinical Studies Support Scheme | 100 crore |
| Medical Device Promotion Scheme | 10 crore |
Union Minister of State Anupriya Patel and Department of Pharmaceuticals Secretary Arunish Chawla were present at the launch, emphasizing the scheme’s potential to benefit the medical device sector significantly.
Doubts Revealed
JP Nadda -: JP Nadda is an Indian politician who is a member of the Bharatiya Janata Party (BJP). He has served as the Union Health Minister of India.
Medical Device Industry -: The Medical Device Industry involves companies that make products used in healthcare, like machines for hospitals, tools for doctors, and equipment for surgeries.
Rs 500 crore -: Rs 500 crore is a large amount of money, equal to 5 billion rupees, which is being used to help improve the medical device industry in India.
Import dependency -: Import dependency means relying on other countries to provide goods or products, in this case, medical devices, instead of making them in India.
Self-reliance -: Self-reliance means being able to do things on your own without needing help from others. Here, it means India wants to make its own medical devices instead of buying them from other countries.
Sub-schemes -: Sub-schemes are smaller parts of a bigger plan. In this context, they are specific projects or initiatives under the main scheme to improve the medical device industry.
