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

The Department of Pharmaceuticals, under the Ministry of Chemicals & Fertilizers, Government of India, runs the Scheme for Strengthening of Medical Device Industry (SMDI). Within this framework, the Marginal Investment Scheme for Reducing Import Dependence (MISRID) targets the domestic production of components, raw materials, and accessories used in medical device manufacturing, including in-vitro diagnostics (IVDs). Historically, the Indian medical device sector has depended on imported inputs, creating supply chain vulnerabilities and raising production expenses. The scheme offers financial incentives to encourage domestic firms to invest in manufacturing these essential items.

The initiative aims to build a self-sufficient manufacturing base for medical devices, supporting the production of high-quality and affordable products. It focuses on localising key inputs such as sensors, embedded systems, optical filters, electrodes, and medical-grade materials. This effort is intended to stimulate innovation, generate employment, and position India as a global manufacturing destination for medical devices. It aligns with the 'Make in India' vision and supports public health by securing the availability of essential devices domestically, particularly during global health emergencies.

Go to the official SMDI portal at https://smdi.lsssdc.in/.
Open the section for the Marginal Investment Scheme for Reducing Import Dependence (MISRID).
Register your organisation and complete the online application form with all requested information.
Attach the necessary supporting documents, which generally include company registration certificates, financial statements, a detailed project proposal, investment plans, and technical specifications of the components or materials to be produced.
Submit the application by the deadline of July 24, 2026.
Track the application’s progress through the portal and address any clarifications raised by the scheme administrators.
Applicants who are shortlisted move on to the evaluation stages, which comprise a technical review and committee appraisals.

Applications are evaluated in stages to determine how well they meet the scheme's objectives. The first step is an appraisal by the Project Management Agency (PMA), which checks that submissions are complete and meet the basic eligibility criteria. After this, a Technical Committee examines the technical feasibility, innovation, and strategic relevance of each proposed manufacturing project. The final decision rests with the Scheme Steering Committee, which grants approval only to projects that support the broader aims of strengthening the medical device industry and reducing reliance on imports.