Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID)

The Government of India, through the Department of Pharmaceuticals under the Ministry of Chemicals & Fertilizers, has launched the Scheme for Strengthening of Medical Device Industry (SMDI). Within this framework, the Marginal Investment Scheme for Reducing Import Dependence (MISRID) specifically targets the critical need to localise production of essential components, raw materials, and accessories for medical devices and in-vitro diagnostics (IVDs). India's medical device sector has historically relied heavily on imports for vital inputs, creating supply chain vulnerabilities and elevating production costs. MISRID aims to reverse this dependence by offering financial incentives for domestic companies to invest in manufacturing these crucial items.

The scheme seeks to build a robust indigenous ecosystem for medical device manufacturing, thereby enhancing India's capacity to produce high-quality, affordable devices. By supporting local production of key components such as sensors, embedded systems, optical filters, electrodes, and medical-grade materials, SMDI-MISRID fosters innovation, creates employment, and positions India as a global manufacturing hub. This initiative aligns with the 'Make in India' vision and bolsters public health by ensuring domestic availability of essential medical devices, especially during global health emergencies.

• Capital subsidy up to ₹10 Crore
• Focus on medical device components & raw materials
• Reimbursement-based funding
• Open to established companies and government organizations
• Deadline: July 24, 2026
• Promotes 'Make in India' in healthcare

The scheme is open to Central and State Government Organizations, Companies and LLPs registered in India, as well as Special Purpose Vehicles (SPVs) registered under the Companies Act or the Societies Registration Act. Eligible applicants include existing medical device or IVD manufacturers, those intending to produce key components, input materials, or accessories, and manufacturers of critical raw materials such as polymer, glass, metal, textile, and paper for medical grade use. Additionally, importers who plan to shift to manufacturing any medical device or IVD on the GTE list may also apply.

Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) is open to startups at any stage. It is open to startups registered anywhere in India.

Applications for Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) are open and the current deadline is Closes in 9d (24 Jul 2026). Applications are closing soon, so prepare your documents early. Deadlines can change — always reconfirm on the official source before submitting.

The SMDI-MISRID provides a one-time capital subsidy of up to ₹10 Crore on a reimbursement basis. This financial support helps offset the costs of investing in infrastructure, machinery, and R&D for key components and raw materials. Beyond the capital subsidy, the scheme offers regulatory support, grants facilitation, and incubation support, helping companies navigate the complexities of medical device manufacturing and fostering growth for businesses committed to reducing import dependence.

Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) is offered by Department of Pharmaceuticals, a government body. As a government-backed subsidy, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.

Applications undergo a multi-stage evaluation. First, a Project Management Agency (PMA) appraises the application for completeness and basic criterion adherence. Next, a Technical Committee reviews the technical feasibility, innovation, and strategic importance of the proposed manufacturing project. Finally, the Scheme Steering Committee provides ultimate approval, ensuring the project aligns with the goals of strengthening the medical device industry and reducing import dependence.

Before you apply to Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID), keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) is best suited for startups in India seeking non-dilutive funding of ₹10Cr. If that describes your startup, review the eligibility criteria above before applying.