New Delhi: In a significant development, the Prime Minister’s Office on Wednesday stated that Rs 3100 crore has been allocated from the PM CARES Fund for the fight against coronavirus in the country. Also Read - Athletes Allowed to Self-Nominate as Ministry Extends Deadline For National Sports Awards
As per updates, out of Rs 3100 crores, a sum of approximately Rs2000 crore will be earmarked for the purchase of ventilators, Rs 1000 crores will be used for the care of migrant labourers and Rs100 crores will be given to support vaccine development. Also Read - National Competitions Should Resume From October, no Contact Sport Till There's a Vaccine: Narinder Batra
Formed on March 27, the PM CARES Fund is headed by Prime Minister Modi. The other ex-officio members of the trust are Union Defence Minister Rajnath Singh, Home Minister Amit Shah and Finance Minister Nirmala Sitharaman. Also Read - Defence Secretary Ajay Kumar Tests Positive For Coronavirus, Contact-tracing on
A number of ministers, individuals and organisation have in the recent past contributed to the PM CARES Fund for the fight against coronavirus. Notably, the PM CARES Fund accepts tax-free donations from individuals and corporates.
To tackle the corona crisis in the country, PM Modi had urged people of the country to generously contribute to the PM CARES Fund. Starting from movie stars to sports personalities, many have come forward to contribute to the PM CARES Fund.
However, opposition parties, including the Congress, have raised questions about the PM CARES Fund and the transparency in maintaining its record.
Addressing those questions, PM Modi has said that the PM CARES Fund will be audited by independent auditors who will be appointed by the trustees.