(The Gist of PIB) PM CARES Fund Trust Allocates Rs. 3100 Crore for Fight against COVID-19

(The Gist of PIB) PM CARES Fund Trust Allocates Rs. 3100 Crore for Fight against COVID-19

PM CARES Fund Trust Allocates Rs. 3100 Crore for Fight against COVID-19

• PM CARES (Prime Minister’s Citizen Assistance and Relief in Emergency Situations) Fund Trust decided to allocate Rs. 3100 Crore for the fight against COVID-19.

About:

• Out of Rs 3100 crore, a sum of approximately Rs.2000 crore will be earmarked for the purchase of 50000 ‘Made-in-India’ ventilators, Rs. 1000 crores will be used for the care of migrant laborers and Rs.100 crores will be given to support vaccine development.
• The trust formed on 27th March 2020 is headed by Hon’ble Prime Minister (ex-Officio) and other ex-officio Members of the trust are Defence Minister, Home Minister, and Finance Minister.
• Relief Measures for Migrants:
• The States/UTs will be given a lump sum assistance of total Rs. 1000 Crore from PM CARES Fund for the welfare of the migrants and poor.
• State/UT-wise funds will be released on the weightage,
• Population of the State/UT as per 2011 Census – 50%,
• Number of positive COVID-19 cases as on date – 40% weightage and
• Equal share (10% weightage) for all states/UTs to ensure the basic minimum sum for all states.
• The fund will be released to the District Collector/District Magistrate/Municipal Commissioner through the State Disaster Relief Commissioner of the States/UTs concerned.

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Courtesy: PIB