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

[JUNE-2020]

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.

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.