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Big News! PM Cares Fund : Where is the money of PM Cares Fund being spent, Modi government gave complete information

The PM-Cares fund has contributed Rs 2,200 crore in the first phase of the vaccination campaign. This is more than 80 percent of the cost of the first phase of vaccination.




For a long time, there has been a dispute regarding the expenditure of PM Cares Fund. The opposition is repeatedly asked to calculate the fund. Now the government has given full information about this.

The PM-Cares fund has contributed Rs 2,200 crore in the first phase of the vaccination campaign. This is more than 80 percent of the cost of the first phase of vaccination. The expenditure secretary gave this information. Expenditure Secretary TV Somanathan said that the cost of advance front and vaccination of health services personnel in the current financial year is being fully borne by the Central Government. This money is coming from PM Cares Fund and Ministry of Health.

He said, “The cost of vaccination for January-March is expected to be around Rs 2,700 crore. A part of it is coming from the Ministry of Health and part of it is funded from the PM Cares Fund. This is for the first phase of vaccination of three crore people. ”The Secretary said that the entire cost of this round will be borne by the Central Government.

He said, “We had provided additional funds to the Ministry of Health for contingency costs of vaccination.” We made an additional allocation of Rs 480 crore for three crore batches of vaccination. The remaining Rs 2,220 crore will come from the PM-Cares fund. ”

Actually, the budget for the current financial year was presented before the onset of the epidemic and there is no separate allocation for vaccination in it. In such a situation, more than 82 percent of the cost of vaccination is being borne by the PM Cares Fund during January to March. Finance Minister Nirmala Sitharaman has earmarked Rs 35 thousand crore for Kovid vaccination in the budget of next financial year.

Also Read: Budget 2021: Treasury opened for rapid rail project, 4472 crore to get traffic speed, connectivity will be easy for these cities

Let us tell you that the PM-Cares Fund was established in March 2020 during the corona virus epidemic for the help and relief of citizens in emergency situations. People and companies have volunteered to contribute to this.

Although the information about how much has been collected in this fund has not been shared, the people managing this fund in the Prime Minister’s Office say that the fund is helping the areas affected by the epidemic.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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