₹3,100 crore from PM CARES allocated for COVID-19 relief 

#GS2 #Governance #GS3 #Economy 

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. 

50,000 ventilators 

  • 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. 
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