Rs 2000 crores for purchase of ventilators
i.50,000 Made-in-India ventilators are to be purchased at Rs 2000 crores to boost the infrastructure so as to tackle COVID-19 cases across the country.
ii.These ventilators will be provided to government-run COVID hospitals in all States/Union Territories(UTs), for better treatment of the critical COVID-19 cases.
Rs 1000 crores for relief measures of migrants
i.The States/UTs to be given Rs 1000 crores to strengthen the existing measures like- providing accommodation facilities, making food arrangements, providing medical treatment and making transportation arrangements for the welfare of the migrants and poor.
ii.State/UT-wise funds will be released on the weightage of Population as per 2011 Census- 50%; Number of positive COVID-19 cases as on date- 40%; Equal share (10%) to ensure basic minimum sum for all states.
iii.The funds will be released to the District Collector/District Magistrate/Municipal Commissioner through the State Disaster Relief Commissioner of the States/UTs concerned.
Rs 100 crores to support vaccine development
To support the COVID-19 vaccine designers & developers(like Indian academia, start-ups, industry) Rs 100 crores will be given to help catalyze vaccine development, which will be used under the supervision of the Principal Scientific Advisor, VijayRaghavan.
About PM CARES:
It was established on 27th March 2020 & is headed by Prime Minister (ex-Officio) and other ex-officio Members of the trust are Defence Minister, Home Minister and Finance Minister.
Highlights
By donating to the fund they will qualify 100% tax exemption under 80G of the Income Tax Act, 1961 & counted as Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013
The PM CARES Fund has been exempted under the FCRA (Foreign Contribution (Regulation) Act), 2010 and a separate account for receiving foreign donations has been opened, which enables the fund to accept donations and contributions from individuals and organizations based in foreign countries.