Incentives for Ayush Industry

Incentives of AYUSH industry to participate in AROGYA and fair/exhibitions organised by Government organisations at national level.

There is a worldwide resurgence of interest in traditional medicines based on herbs and medicinal plants. ASU medicines are gaining popularity in many countries as food supplements. Therefore, in order to encourage AYUSH drug and equipment manufacturing industry and other stakeholders to participate in Regional. National Fairs / Conferences / Seminars organized / supported by the Central / State Governments, it is proposed to provide assistance to the stakeholders detailed below:-

The eligibility criteria for assistance to AYUSH industry for participation in fairs shall be as under:

• Pharmaceutical companies in Government / Private Sector having GMP certificates with good range of quality products.
• Other stakeholders like AYUSH equipment manufacturing firms / NGOs / institutions of Yoga & Naturopathy and healthcare providers like hospitals providing and displaying healthcare facilities of AYUSH systems in the fairs.

The funnding patterns will be as under:

The eligible organization has to apply on the prescribed format, complete in all respects, well in advance for consideration and approval of the Project Appraisal Committee of the Department. The grant will be limited to 50% of the cost of participation in the fair subject a maximum of Rs. 1,20,000/-. The grant-in-aid will be released on reimbursement basis. The cost of participation means the expenditure towards rent of space, fabrication, hiring of manpower and transport etc