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PM Cares Fund allocates ₹3100 Crore to fuel fight against COVID-19

On Wednesday, Prime Minister Narendra Modi announced a sum of ₹3,100 crores to be utilised from the Prime Minister’s Citizen Assistance and Relief in Emergency Situations or PM- CARES Fund to meet up the demands during this coronavirus crisis…

“Out of Rs 3,100 crore, a sum of roughly Rs 2,000 crore are going to be earmarked for the acquisition of ventilators, Rs 1,000 crore are going to be used for the care of migrant labourers and Rs 100 crores are going to be given to support vaccine development”, quoted the Prime Minister.

The allotted amount will be a part of 50,000 “Made In India” ventilators that will be run in COVID-19 government-aided hospitals in all states and union territories of the country where victims of the deadly disease are being treated.

Rs. 1000 crore has been assigned for the migrant workers and the amount will be handed over to state government and kept at the disposal of District Collectors or Municipal Commissioners for befitting them with food, shelter, medical treatment and transport.

“State/UT-wise funds are going to be released on the weightage of (a) Population of the State/UT as per 2011 Census – 50%, weightage (b) Number of positive COVID-19 cases as on date – 40% weightage and (c) Equal share (10% weightage) for all states/UTs to make sure basic minimum sum for all states”, the statement said.

The PM CARES Fund was set up on March 27 with PM Modi as it’s Chairperson and other senior monsters as trustees.

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