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Revamped Pharmaceuticals Technology Upgradation Assistance Scheme (RPTUAS)

Why is it in the news?

  • The Department of Pharmaceuticals, under the Ministry of Chemicals and Fertilizers, has launched the Revamped Pharmaceuticals Technology Upgradation Assistance Scheme (RPTUAS).
  • This initiative is a revamp of the erstwhile Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS), which was a component of the Strengthening of Pharmaceutical Industry (SPI) Scheme.

 

·       SPI Scheme aims to bolster infrastructure to position India as a global leader in the Pharma Sector.

 

About RPTUAS

  • It aims to support the pharmaceutical industry in upgrading its technology and processes to meet the standards set by Revised Schedule-M and WHO-GMP (Good Manufacturing Practices).

Broadened Eligibility Criteria:

  • The scheme is open to all pharmaceutical manufacturing units that require technology and quality upgradation.
  • Eligibility is contingent upon meeting turnover criteria, although preference is given to Micro, Small, and Medium Enterprises (MSMEs).

Expanded Eligible Activities:

  • Under RPTUAS, investments in various aspects of pharmaceutical manufacturing infrastructure are considered eligible activities.
  • These activities include but are not limited to investments in water and steam utilities, testing laboratories, stability chambers, waste management systems, and other essential infrastructure upgrades.

Flexible Financing Options:

  • Unlike the traditional credit-linked approach, RPTUAS emphasizes providing subsidies on a reimbursement basis.
  • This flexible financing option aims to ease the financial burden on pharmaceutical manufacturers and facilitate smoother technology upgradation processes.

Integration with State Government Schemes:

  • One notable feature of RPTUAS is its allowance for integration with state government schemes.
  • This integration enables participating units to avail themselves of additional top-up assistance provided by respective state governments, further enhancing support for technology upgradation initiatives.

Enhanced Verification Mechanism:

  • To ensure transparency, accountability, and efficient allocation of resources, RPTUAS incorporates an enhanced verification mechanism.
  • A Project Management Agency (PMA) oversees the verification process, ensuring that funds are allocated appropriately and utilized effectively.
Turnover (Last Three Years)Incentive
Less than Rs 50 crore20% of investment under eligible activities
Rs 50 crore to less than Rs 250 crore15% of investment under eligible activities
Rs 250 crore to less than Rs 500 crore10% of investment under eligible activities

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