The PM CARES Fund Trust will allocate Rs 3,100 crore for fight against COVID-19, the Prime Minister's Office said in a statement on Wednesday.

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Of the fund, Rs 2,000 crore will be earmarked for purchase of ventilators and Rs 1,000 crore for care of migrant labourers, it said.

For coronavirus vaccine development, another Rs 100 crore will be given, the statement said.

Prime Minister Narendra Modi is the head of the trust formed on March 27. The other ex-officio members include defence minister, home minister and finance minister.

To tackle COVID-19 cases across the country, 50000‘Made-in-India’ ventilators will be purchased from PM CARES Fund at a cost of about Rs 2,000 crore, it said. These ventilators will be provided to government-run COVID hospitals in all states/UTs for better treatment of the critical COVID-19 cases.

States/UTs will be given a lumpsum assistance of Rs 1,000 crore from PM CARES Fund for strengthening their efforts in providing accommodation facilities, making food arrangements, providing medical treatment and making transportation arrangements of the migrants.

"A vaccine against COVID-19 is the most pressing need and Indian academia, start-ups and industry have come together in cutting-edge vaccine design and development," the statement added.

To support the COVID-19 vaccine designers and developers, an amount of Rs. 100 Crore will be given from PM CARES Fund as a helping hand to catalyse vaccine development, which will be utilised under the supervision of Principal Scientific Advisor, it explained.

First Published:May 13, 2020 9:56 PM IST