PM CARES allocates Rs 3,100 crore for migrants, buying ventilators

Out of the Rs 3,100 crore, nearly Rs 2,000 crore will be earmarked for the purchase of "Made in India" ventilators and Rs 1,000 crore for care of migrant labourers, it said.

migrant workers, lockdown 3.0, Covid-19, Coronavirus, labourers.
Migrants from Bengaluru walk in a queue after reaching Danapur railway station via a special train arranged for them, during the ongoing Covid-19 nationwide lockdown, in Patna. Photo: PTI
Agencies New Delhi
1 min read Last Updated : May 14 2020 | 2:50 AM IST
The PM CARES Fund Trust on Wednesday decided to allocate Rs 3,100 crore for fight against the Covid-19 pandemic and the amount will be used, among other things, to purchase ventilators and caring for migrant workers, the Prime Minister’s Office said.

Out of the Rs 3,100 crore, nearly Rs 2,000 crore will be earmarked for the purchase of “Made in India” ventilators and Rs 1,000 crore for care of migrant labourers, it said.

Another Rs 100 crore will be given to support coronavirus vaccine development efforts, a PMO statement said.


The Trust was formed on March 27 and is headed by the prime minister. The other ex-officio members of the trust are the defence minister, the home minister and the finance minister. For augmenting the infrastructure to tackle Covid-19, 50,000 ‘Made in India' ventilators will be purchased from PM CARES Fund at a cost of approximately Rs 2,000 crore.
 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :CoronavirusLockdownPM CARES FundNarendra ModiMake in India

Next Story