Government invites proposals under PRIP scheme for industry, startup projects

The government has invited applications for its Rs 5,000 crore Pharma-MedTech innovation scheme, aiming to support around 300 projects in new medicines, biosimilars, and medical devices. Revised guidelines offer enhanced financial assistance for MSMEs and startups, including higher support for strategic priority areas. Applications opened on October 1 via a digital portal.

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