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flag India launches PRIP scheme with ₹5,000 crore to fund 300 pharma and medtech R&D projects starting Oct. 1, 2025.

flag India has launched the PRIP scheme, allocating Rs 5,000 crore to support around 300 pharma and medtech R&D projects with a total value of about Rs 11,000 crore. flag Starting October 1, 2025, startups and MSMEs can apply for early-stage projects with up to Rs 5 crore in funding—100% for the first Rs 1 crore and 50% for the rest. flag Later-stage projects may receive up to Rs 100 crore, covering 35% of costs, with up to 50% support for strategic areas like rare diseases, antimicrobial resistance, and pandemic pathogens. flag Applications are submitted digitally via a government portal to boost innovation and health security.

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