₹3,100 crore from PM CARES allocated for COVID-19 relief
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Money to be used for ventilators, migrants, vaccine R&D
The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund, better known as PM CARES, will allocate ₹3,100 crores to COVID-19 relief, including funds for ventilators, migrant workers and vaccine development, according to an official statement from the Prime Minister’s Office on Wednesday evening.
There is no indication in the statement or on the PM CARES website how much money the Fund has collected from donors at that time.
In order to augment the health infrastructure needed to tackle the pandemic, the PM CARES Fund Trust has decided to spend ₹2,000 crore to buy 50,000 Indian-made ventilators, which will be provided to government-run hospitals designated for COVID-19 treatment in all the States and Union Territories.
₹1,000 cr. for migrants
Another ₹1,000 crores will be used to support the States’ welfare measures for migrant workers and will help provide accommodation, food, medical treatment, and transport.
State-wise allocations will be determined on the basis of population (50% weightage), the number of positive COVID-19 cases (40% weightage), and a 10% share split equally to ensure a basic minimum sum for all States.
The money will be released to the district administration through the State Disaster Relief Commissioners.
PM CARES will give ₹100 crores to support those in the Indian academia, start-ups, and industry who are working on designing and developing a vaccine against COVID-19.
The money will be spent under the supervision of the Principal Scientific Adviser.