Department of Pharmaceuticals of Ministry of Chemicals and Fertilizers announces Revamped Pharmaceuticals Technology Upgradation Assistance Scheme (RPTUAS) | Current Affairs | Vision IAS
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    Department of Pharmaceuticals of Ministry of Chemicals and Fertilizers announces Revamped Pharmaceuticals Technology Upgradation Assistance Scheme (RPTUAS)

    Posted 12 Mar 2024

    Updated 27 Mar 2024

    2 min read

    • Key highlights
      • Background: Erstwhile PTUAS is a component of Strengthening of Pharmaceutical Industry (SPI) Scheme
        • SPI Scheme aims to strengthen the existing infrastructure facilities to make India a global leader in the Pharma Sector.
      • Aim
        • To support the pharmaceutical industry's up-gradation to the Revised Schedule-M & WHO-GMP standards
          • Schedule-M of the Drugs and Cosmetics Rule, 1945 provides good manufacturing practices (GMP) for pharmaceutical products.
        •  Enhancing the quality and safety of pharmaceutical products manufactured in India.
      • Broadened Eligibility Criteria: Any pharmaceutical manufacturing unit that requires technology and quality upgradation and fulfils turnover criteria (refer to infographics).
        • Preference remains for MSMEs. 
          • Earlier the scheme covered only MSME pharmaceuticals.
      • Broadened eligible activities: Activities eligible for incentive include, water and steam utilities, testing laboratories, stability chambers waste management etc.
      • Flexible Financing Options: Emphasizes on a reimbursement basis subsidy over a traditional credit-linked approach. 
      • Allows integration with state government scheme: This provision will enable units to benefit from additional top-up assistance.
      • Enhanced Verification: Verification through a Project Management Agency for ensuring transparency, accountability and the efficient allocation of resources.
         
    • Tags :
    • RPTUAS
    • Revamped Pharmaceuticals Technology Upgradation Assistance Scheme
    • Pharmaceutical Industry
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