The Ministry of Chemicals and Fertilizers (MoCF) on March 11, 2024, issued the notification regarding the Revamped Pharmaceuticals Technology Upgradation Assistance (RPTUAS) Scheme.
The features of the scheme are: -
• Broadened Eligibility Criteria – Eligibility for the PTUAS has been expanded beyond Micro, Small and Medium Enterprises to include any pharmaceutical manufacturing unit with a turnover of less than 500 crores
• Flexible Financing Options – Emphasizing subsidies on reimbursement basis, over traditional credit-linked approach
• Comprehensive Support for Compliance with New Standards – The scheme supports a broader range of technological upgrades
• Dynamic Incentive Structure – The Incentives for the prescribed turnover for the last 3 years have been stated in the notification.
[Release ID: 2013379]
