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India sets aside Rs 50,000 cr to vaccinate population against Covid: Report

The money provisioned so far is for the current financial year ending March 31 and there will be no shortage of further funds for this purpose

Coronavirus, vaccine, covid
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Starting this weekend, Indians will be celebrating several festivals that could lead to a sharp jump in daily virus infections.

Siddhartha Singh & Chris Kay | Bloomberg
India’s government has set aside about Rs 50,000 crore ($7 billion) to vaccinate the world’s most populous country after China against the coronavirus, according to people with knowledge of the matter.

Prime Minister Narendra Modi’s administration estimates an all-in cost of about $6-$7 (Rs 440-Rs 520) per person in the nation of 1.3 billion, the people said, asking not to be identified as the details are private. The money provisioned so far is for the current financial year ending March 31 and there will be no shortage of further funds for this purpose, they added.

A finance ministry spokesman couldn’t immediately be

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First Published: Oct 22 2020 | 3:30 PM IST

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