The Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund Trust has decided to allocate Rs 3,100 crore for the fight against COVID-19. Out of Rs 3,100 crore, a sum of approximately Rs 2,000 crore will be earmarked for the purchase of ventilators, Rs 1,000 crore will be used for the care of migrant labourers and Rs 100 crore will be given to support vaccine development.
The trust formed on March 27 is headed by Prime Minister Narendra Modi and other ex-officio members of the trust are defence minister, home minister, and finance minister. While announcing this package, PM Modi has thanked all the donors for their generosity in contributing to the PM CARES Fund which will support India’s fight against COVID-19.
As per the details made available by the PMO, around 50,000 ‘Made in India’ ventilators will be purchased at an approximate cost of Rs 2,000 crore. These ventilators will be provided to state-run COVID hospitals in all states for the treatment of critically ill patients.
For strengthening the existing measures being taken for the welfare of the migrants and the poor, the states will be given an assistance of a total Rs 1,000 crore from PM CARES Fund. This amount would be provided to the state governments to place it at the disposal of the district administration for strengthening their efforts in providing accommodation facilities, making food arrangements, providing medical treatment, and making transportation arrangements of the migrants.
Around Rs 100 crore will be given from PM CARES Fund as a helping hand to catalyse vaccine development to combat COVID-19, which will be utilised under the supervision of the principal scientific advisor.