PRIC

The scheme aims to felicitate meritorious innovations in petrochemicals. It provides a citation, a memento, and Travel Allowance and Dearness Allowance for attending the ceremony to eligible Indian citizens, institutions, industries, and start-ups.

The scheme "Petrochemicals Research & Innovation Commendation" was launched by the Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers. The scheme aims to felicitate the meritorious innovations and inventions in the field of petrochemicals, products, processes and other areas of national and social importance. The scheme provides a citation and a memento to the awardees across various designated categories to incentivize sustainable development and innovation.

• The applicant must be an Indian citizen, institution, industry, organisation, or Start-up registered in India.
• The applicant must be an entity created by the Central government, State governments, or Union Territories.
• The applicant must limit the maximum number of members to five, in case of applying as a team or group.
• The applicant must present an innovation that is an original product, process, or an improvement on an existing product or process.
• The applicant must ensure the innovation increases the utility of the product or process by enhancing consumer advantages, accuracy, reliability, safety, product life, or versatility.
• The applicant must not submit a mere theoretical hypothesis, an innovation simply in the idea stage, or a perpetual motion machine.
• The applicant must present an innovation that is not older than three years at the time of submitting the application.
• The applicant must not be an awardee of previous editions of the National Petrochemicals Awards for the immediate three preceding editions or years.

• The scheme provides a citation and a memento for each award category.
• Travel Allowance and Dearness Allowance will be provided to the awardees for attending the presentation function in person.
• The scheme provides national and international recognition to innovations, helping to improve the performance and quality of products leading to better market acceptance.
• Historically, under the previous edition named National Petrochemicals Awards, a sum of ₹3,00,000/- each for winners and ₹1,00,000/- each for runners-up was awarded.
• The commendations shall be conferred annually.