The PM CARES Fund that is aimed at combating, containing and providing relief efforts against pandemics on Wednesday announced an allocation of ₹3,100 crore for the fight against covid-19.
Out of the total sum, around ₹2,000 crore will be used for buying 50,000 Made-in-India ventilators, ₹1,000 crore for relief measures for migrant labourers and ₹100 crore to support vaccine development, the Prime Minister’s Office said.
PM CARES, which stands for the Prime Minister’s Citizen Assistance and Relief in Emergency Situations, is a trust. In line with Prime Minister Narendra Modi’s push to indigenous manufacturing, the 50,000 ventilators will be made in India. “These ventilators will be provided to government-run covid hospitals in all states
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