80% of the cost of the first phase of Kovid vaccination from PM Cares (Photo: AP)
PM-CARES Fund: The PM-CARES Fund has made a major contribution to the Kovid vaccination campaign. In its first phase, it has contributed Rs.2,200 crore, which is more than 80 percent of its cost.
- Last Updated:February 3, 2021, 1:06 AM
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, during January to March, more than 82 percent of the cost of vaccination is being borne by the PM Cares Fund. Finance Minister Nirmala Sitharaman has earmarked Rs 35 thousand crore for Kovid vaccination in the budget of next financial year. Expenditure Secretary TV Somanathan said that in the current financial year, the cost of advance front and vaccination of health services personnel is being fully borne by the Central Government. This money is coming from PM Cares Fund and Ministry of Health.
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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 some part of it is funded from 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 Health Ministry 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.