CURRENT AFFAIRS

Detailed explanation-1: -The Department implements the scheme “Promotion of Medical Devices Parks”, with a total financial outlay of Rs. 400 crore and the maximum assistance under the scheme for one Medical Device Park would be limited to Rs. 100 crore.

Detailed explanation-2: -63, 200 crores (US$ 7.91 billion) in 2021–22 from Rs.

Detailed explanation-3: -The Department of Pharmaceuticals implements the scheme ‘Promotion of Medical Devices Parks’ to provide financial assistance to state governments for the setting up of Common Infrastructure Facilities (CIFs) in the medical devices parks being developed by the states.

Detailed explanation-4: -The four medical devices parks approved under the Central sector scheme for promotion of medical devices parks are expected to result in development of a total of around 1, 326 acres of area attracting a proposed investment of around Rs.