Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) — Frequently Asked Questions
Answers to the questions founders most often ask about Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the primary objective of the MISRID scheme?
The primary objective is to promote domestic production of key components, raw materials, and accessories used in medical device manufacturing, including in-vitro diagnostic devices, to reduce India's dependence on imports.
Who is eligible to apply for this scheme?
Eligible applicants include Central/State Government Organizations, Companies/LLPs registered in India, and Special Purpose Vehicles (SPVs) registered under the Companies Act or Societies Registration Act. This covers manufacturers of medical devices, IVDs, critical raw materials, and importers intending to shift to manufacturing.
What is the maximum subsidy amount I can receive?
The maximum capital subsidy is ₹10 Crore, disbursed on a reimbursement basis. The actual percentage (20%, 15%, or 10%) depends on the company's annual turnover, with smaller companies receiving a higher percentage of their investment as subsidy.
What kind of activities are eligible for this subsidy?
Eligible activities include the manufacturing of key components, raw materials, and accessories for medical devices and IVDs. This covers items such as sensors, embedded systems, optical filters, electrodes, antigens/antibodies, polymer tubing, metal tubing, and medical-grade packaging materials.
Is co-financing required for this scheme?
Yes, as the incentive is a capital subsidy on a reimbursement basis, it implies that the applicant must make the initial investment, and a percentage of that investment will be reimbursed, requiring co-financing from the applicant.
What is the project completion timeline?
Projects approved under the scheme are expected to be completed within two years from the date of final approval. A one-year extension may be granted under specific circumstances.
How much funding does Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) provide?
Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) provides ₹10Cr (up to) as subsidy. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.
What is the application deadline for Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID)?
The application deadline for Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) is Closes in 9d (24 Jul 2026). Deadlines can be revised, so reconfirm on the official source before applying.
Does Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) take equity?
No. Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID) is subsidy and is non-dilutive — the provider does not take an equity stake in your startup.
Is DPIIT recognition required for Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID)?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID), though having it can strengthen your application and unlock other benefits.
Who offers Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID)?
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. It is provided as non-dilutive funding.
How do I apply for Scheme for Strengthening of Medical Device Industry (SMDI) - Marginal Investment Scheme for Reducing Import Dependence (MISRID)?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.