Rs 3,100 crore from the Prime Minister’s Citizen Assistance and Relief in Emergency Situations or PM-CARES Fund might be used to battle the coronavirus disaster, the federal government introduced on Wednesday, amid mounting strain for transparency in its new nationwide battle chest.
“Out of Rs 3,100 crore, a sum of approximately Rs 2,000 crore will be earmarked for the purchase of ventilators, Rs 1,000 crore will be used for care of migrant labourers and Rs 100 crores will be given to support vaccine development,” Prime Minister Narendra Modi’s workplace stated in a press release.
The allocation can pay for 50,000 “Made in India” ventilators that might be supplied to government-run COVID-19 hospitals in all states and union territories treating sufferers of the lethal respiratory illness.
The Rs 1,000 crore allotted for migrant employees might be supplied to state governments and positioned on the disposal of District Collectors or Municipal Commissioners for offering meals, shelter, medical therapy and transport.
“State/UT-wise funds will 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 ensure basic minimum sum for all states,” the federal government assertion stated.
The Rs 100 crore marked for vaccine growth might be spent beneath the supervision of presidency’s Principal Scientific Advisor to assist Indian academia, startups and the pharmaceutical trade which have come collectively for analysis, it added.
The PM CARES Fund, fashioned by the cupboard on March 27, is managed by a belief with PM Modi as its chairperson and senior cupboard members as trustees.
The fund, which accepts tax-free donations from people and corporates, has seen a number of high-profile contributions from nearly all main industrial teams, film stars and authorities departments because the coronavirus outbreak.
There have been a number of appeals from the Prime Minister, corporates and famous public figures to contribute to the fund. Employees of state-run firms have additionally been urged to donate to the fund.
However, opposition events have raised questions concerning the necessity of the Fund when the Prime Minister’s National Relief Fund (PMNRF) already exists since 1948.
Several Chief Ministers have additionally raised questions and doubts over the desire to the PM CARES fund over their state aid funds.
Last month, sources within the Comptroller and Auditor General of India (CAG) instructed NDTV they’d not audit the fund. The fund might be audited by “independent auditors who will be appointed by the trustees”, authorities sources have stated.