PCD Pharma Franchise Business FAQs


·         What is Pharma Franchise Business?

Pharma franchise is a business exposure offered by Pharma company to the individual to carry out their services and products in the market for selling purposes. PCD Pharma franchise business mainly deals with medicines. This business help people to get medicines near to their place. The pharma franchise is an agreement between the two parties.

·         What PCD Stands for?

PCD stands for propaganda cum distributor. Well, PCD refers to permission to the distributor which is provided on monopoly rights-based by a pharmaceutical company to pharma person. The person uses their company name or brand name on behalf of the pharma company.

·         What are the requirements and eligibility criteria for PCD Pharma franchise business?

For starting any kind of business there are certain rules that need to be full filled. In the Pharmaceutical Sector selling drugs without permission is illegal and for starting the franchise business one must meet few requirements.

To become our member through, PCD Pharma Franchise, the following are the eligibility criteria
.
1. Choose Your Company: the initial step to enter any business that you want to be a part of includes the selection of the companies that are suitable or are according to your choice.
2. Background step: the second and most important step is to do a background check on the company.
3. Product selection: It is also one of the most important processes. Your future lies in the selection of the types of products that you are coming in the market with.
4. Documentation: the following documents required before you are invested with any company:
• Drug License Number: Rs 3000-5000 which may vary from state to state.
• Tax Identification Number (TIN): Rs4500.
5. Education and experience: people who are at least have completed SSC or have done their 12th from nay recognized boards. This limits our scope for the choice of our company. Also, the person should have at least 3-4 years of experience before getting into this.
6. Investment: It can be of 50,000 and can reach up to 3-5 lakhs These are the major things which one should consider before getting into Pharma franchise company. A right Pharma company back can be a good way of earning a good profit from the market.

·         What is Drug license and documentation for it?

Drug license is an authorization which is required for franchise partner. Normally, the drug control organization issues two types of license, one is Retail drug license which is issued to a person who runs a chemist shop and another one is a Wholesale drug license which is issued to a person who wants to sell medicines on a wholesale level

1.     Application form
2.     Cover Letter with the intent of the application signed with the name and designation of the applicant
3.     Challan of fee deposited
4.     Declaration form
5.     Key plan for the premises
6.     Site plan for the premises
7.     The basis of possession of the office
8.     Valid Proof (Incorporation Certificate / MOA / AOA / Partnership Deed)
9.     Affidavit of non-conviction of partners and directors under the Drugs and Cosmetics Act, 1940
10.    Affidavit of a registered pharmacist.
11.    Appointment letter of registered pharmacist/competent person.

Well, these things are important for PCD Pharma Franchise business.


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