Thumbnail: Viksit Haryana | Medical Devices PLI 2.0 — Rs 2,700 crore, till 2035-36
If you want to start a medical device manufacturing business, the government has opened a big opportunity for you. The Centre has extended the Production Linked Incentive (PLI) scheme for medical devices to 2035-36, with nearly Rs 2,700 crore available for fresh applications.
The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, announced PLI-MD 2.0 on 10 November 2026. The application process has been made easier this time — the minimum sales threshold has been removed and the minimum investment requirement has been lowered.
Quick Summary: PLI-MD 2.0 at a Glance
| Item | Details |
|---|---|
| Scheme | Medical Devices PLI 2.0 |
| Period | Till 2035-36 |
| Amount available | About Rs 2,700 crore |
| Original outlay | Rs 3,420 crore (launched March 2020) |
| Applications | Online portal, within 10 days; window stays open continuously |
| Target products | 3T MRI, PET-CT, ultrasound, IVD analysers |
What Has Changed in PLI 2.0?
Based on the first phase, the rules have been simplified. The minimum sales threshold has been discontinued, so small firms and MSMEs can now claim the incentive. The minimum investment requirement has been reduced. A firm may file any number of applications across target segments. The application window will stay open over a long period — there is no rush to apply within a short deadline. Companies will get 3 years to set up manufacturing facilities.
What Are the Four Target Segments?
| Segment | Coverage | Average incentive |
|---|---|---|
| TS1 | Consumables, disposables, implants | ~5% |
| TS2 | Critical components (a special opportunity for MSMEs) | ~9% |
| TS3 | High-end devices at a nascent stage of domestic manufacturing | ~9% |
| TS4 | High-end devices that are only assembled in India today | 6% |
The incentive is linked to output — the more a firm produces, the more it earns — and the rate tapers over time.
What Did the First Phase Achieve?
Under the scheme launched in 2020-21, more than 60 high-end medical devices and components are now made in India, with production worth over Rs 16,000 crore. The new round focuses on equipment not yet made in India — 3T MRI, PET-CT, ultrasound probes and consoles, and high-throughput IVD analysers.
How to Apply
The online application portal will go live within 10 days of 10 November. The amended guidelines apply to applications submitted after 10 November 2026. Companies approved up to 31 October 2026 remain governed by the earlier guidelines issued in February 2023. One honest note: the new minimum investment figure, the per-company cap and the base year for counting incremental sales are not given in the release — check the guidelines on the portal before applying.
What Does This Mean for Ordinary People?
Devices made in India should cost less, and hospitals should get essential machines more easily. The government’s aim under Atmanirbhar Bharat and Make in India is to build indigenous supply chains, attract investment, create jobs and improve the global competitiveness of Indian industry. The National Medical Devices Policy, 2023 aims to grow the sector from US$11 billion to US$50 billion.
Frequently Asked Questions
Q1: Till when will PLI-MD 2.0 run?
Ans: Till 2035-36.
Q2: How much money is available?
Ans: About Rs 2,700 crore.
Q3: When can I apply?
Ans: The online portal goes live within 10 days of 10 November; the application window stays open continuously.
Q4: Which products are in focus?
Ans: 3T MRI, PET-CT, ultrasound probes and consoles, and high-throughput IVD analysers.
Q5: Is there a minimum sales threshold?
Ans: No — it has been discontinued in PLI-MD 2.0.
Sources: PIB release, 10 November 2026 (Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers); The Hindu BusinessLine; YourStory; Medical Buyer.
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