Production Linked Incentive (PLI) Scheme for Pharmaceuticals
in Meghalaya
Last updated:
Production Linked Incentive (PLI) Scheme for Pharmaceuticals in Meghalaya
Production Linked Incentive (PLI) Scheme for Pharmaceuticals is a government scheme available to eligible residents of Meghalaya.
Apply for Production Linked Incentive (PLI) Scheme for Pharmaceuticals in Meghalaya
Scheme Overview
The scheme provides financial incentives on the incremental sales (over Base Year) of pharmaceutical goods and in-vitro diagnostic medical devices to selected applicants based on pre-defined selection criteria. The applicant must be a manufacturer of pharmaceutical goods.
Eligibility Criteria
##### ***Common Eligibility***
- The applicant must be a manufacturer of pharmaceutical goods registered in India.
- The applicant must be engaged in the manufacturing of eligible pharmaceutical products covered under the three defined categories.
- The applicant must not claim incentives for the same product under the Production Linked Incentive Scheme for Bulk Drugs or any other Production Linked Incentive Scheme.
##### ***Group A Applicants***
- The applicant must have a Global Manufacturing Revenue of pharmaceutical goods or in-vitro Diagnostic Medical Devices greater than or equal to ₹50,00,00,00,000/- (₹5,000 crores) in the Financial Year 2019-20.
- The applicant must achieve a minimum cumulative investment of ₹10,00,00,00,000/- (₹1,000 crores) over a period of 5 years.
- The applicant must achieve a minimum turnover of eligible products of ₹50,00,00,000/- (₹50 crores) in the first year (Financial Year 2022-23).
##### ***Group B Applicants***
- The applicant must have a Global Manufacturing Revenue of pharmaceutical goods or in-vitro Diagnostic Medical Devices between ₹5,00,00,00,000/- (₹500 crores) and ₹50,00,00,00,000/- (₹5,000 crores) in the Financial Year 2019-20.
- The applicant must achieve a minimum cumulative investment of ₹2,50,00,00,000/- (₹250 crores) over a period of 5 years.
- The applicant must achieve a minimum turnover of eligible products of ₹10,00,00,000/- (₹10 crores) in the first year (Financial Year 2022-23).
##### ***Group C Applicants***
- The applicant must have a Global Manufacturing Revenue of pharmaceutical goods or in-vitro Diagnostic Medical Devices less than ₹5,00,00,00,000/- (₹500 crores) in the Financial Year 2019-20.
- The applicant must achieve a minimum cumulative investment of ₹50,00,00,000/- (₹50 crores) over a period of 5 years.
- The applicant must achieve a minimum turnover of eligible products of ₹1,00,00,000/- (₹1 crore) in the first year (Financial Year 2022-23).
##### ***Group C (MSME) Applicants***
- The applicant must fall under the Micro, Small and Medium Enterprises (MSME) category within Group C.
- The applicant must achieve the Committed Investment (total eligible investment committed by the applicant) over a period of 5 years.
- The applicant must achieve a minimum turnover of eligible products of ₹50,00,000/- (₹50 lakhs) in the first year (Financial Year 2022-23).
##### ***Continuation Criteria***
- The applicant must achieve a 7% growth in sales over the previous Financial Year for subsequent years (Financial Year 2023-24 onwards) to claim incentives.
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Benefits
The scheme has a total financial outlay of ₹1,50,00,00,00,000/-.
The incentive is provided on the net incremental sales of eligible products over a period of 6 years (Financial Year 2022-23 to Financial Year 2027-28).
The rate of incentive for Category 1 and Category 2 products is 10% for the first four years (Financial Year 2022-23 to 2025-26), 8% for the fifth year (Financial Year 2026-27), and 6% for the sixth year (Financial Year 2027-28).
The rate of incentive for Category 3 products is 5% for the first four years (Financial Year 2022-23 to 2025-26), 4% for the fifth year (Financial Year 2026-27), and 3% for the sixth year (Financial Year 2027-28).
The incentive allocation ceiling is ₹1,10,00,00,00,000/- for Group A, ₹22,50,00,00,000/- for Group B, and ₹17,50,00,00,000/- for Group C.
The maximum incentive per applicant is capped at ₹10,00,00,00,000/- for Group A, ₹2,50,00,00,000/- for Group B, and ₹50,00,00,000/- for Group C.
*Applicants must submit a claim for disbursement of incentive online on an annual basis within one month of the closure of the financial year.
*75% of the claim amount is released immediately upon order, and the remaining 25% is released after the submission of final audited accounts.
*Selected applicants must furnish a self-certified quarterly review report within 30 days from the end of each quarter.
Required Documents
| # | Document |
|---|---|
| 1 | Audited Financial Statements |
| 2 | Cost Accountant Certificate (For Production Cost Certification) |
| 3 | Bank Guarantee (Upon Selection) |
| 4 | Undertaking (Upon Selection) |
| 5 | Product Registration Documents |
| 6 | Self-Certified Quarterly Review Report |
How to Apply in Meghalaya
The scheme is implemented through a Project Management Agency, which is the Small Industries Development Bank of India. Applicants must apply online through the designated portal.
Online The scheme is implemented through a Project Management Agency, which is the Small Industries Development Bank of India. Applicants must apply online through the designated portal.
Step 1: Access the official online portal at https://pli-pharma.udyamimitra.in.
Online Step 1: Access the official online portal at https://pli-pharma.udyamimitra.in.
Step 2: Register on the portal and fill out the application form with all required details regarding Global Manufacturing Revenue, investment commitments, and product categories.
Online Step 2: Register on the portal and fill out the application form with all required details regarding Global Manufacturing Revenue, investment commitments, and product categories.
Step 3: Submit the non-refundable application fee as prescribed in the guidelines.
Online Step 3: Submit the non-refundable application fee as prescribed in the guidelines.
Step 4: The Project Management Agency will process the applications and select applicants based on the ranking methodology within 90 days of the application window closure.
Online Step 4: The Project Management Agency will process the applications and select applicants based on the ranking methodology within 90 days of the application window closure.
Step 5: Receive the approval letter from the Project Management Agency if selected.
Online Step 5: Receive the approval letter from the Project Management Agency if selected.
Step 6: Submit a Bank Guarantee of the prescribed amount and an Undertaking in favor of the Department of Pharmaceuticals within two weeks of the issuance of the approval letter.
Online Step 6: Submit a Bank Guarantee of the prescribed amount and an Undertaking in favor of the Department of Pharmaceuticals within two weeks of the issuance of the approval letter.
Step 7: Submit claims for incentive disbursement annually through the online portal along with supporting documents within one month of the financial year's closure.
Online Step 7: Submit claims for incentive disbursement annually through the online portal along with supporting documents within one month of the financial year's closure.
Common questions in Meghalaya
Who can apply for Production Linked Incentive (PLI) Scheme for Pharmaceuticals in Meghalaya?
Eligible residents of Meghalaya who meet the scheme’s overall criteria can apply for Production Linked Incentive (PLI) Scheme for Pharmaceuticals. Refer to the eligibility section above for the complete checklist.
What documents are required for Production Linked Incentive (PLI) Scheme for Pharmaceuticals in Meghalaya?
Applicants in Meghalaya typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Applicants must have a Global Manufacturing Revenue of pharmaceutical goods or *in-vitro* Diagnostic Medical Devices of ₹50,00,00,00,000/- or more in the Financial Year 2019-20 to qualify for this category. <br>