SUBSIDY IN BIOTECHNOLOGY INDUSTRIES

 

Biotechnology

 With  a  view  to  providing  focused  attention  on  the  subject  and  addressing  the global  developments  and  their  cascading  effect,  the  need for formulation  of  a separate  Biotechnology  Policy  has  become  imperative.  Therefore,  after  careful  consideration,the Government has decided to lay down the biotechnology.

Biotechnology  (BT)  Product

  Would  include  a  product,  which  is  uses or  is derived  by  using   living  systems, enzymes, Proteins Bio-catalysts or any of the following processes:

• Genetic engineering
• Synthetic Biology
• Molecular Breeding
•  Bio-transformation
• Bio Chips

   Micro, Small and Medium  Enterprises  (MSME)

MSME in Biotechnology Industry shall be construed as per the definition under  the  MSME  Act  2006(as  amended  from  time  to  time)of  the Government of India.