Financial options available with Government to fight Corona virus pandemic
While the nation is combating the lethal second wave of the Corona pandemic amid spiralling requirement for oxygen as thousands have succumbed to the deadly virus during the fortnight, many owing to the precious gas unavailability, the Centre has announced that it would help set up 551 dedicated oxygen plants by funding them through its PM CARES fund. This would augment oxygen s supply.
The Centre had set up the fund in March 2020 to deal with the situation arising out of the pandemic and as per the account statement which was put out by the fund in September last year, there were Rs 3,076 crore as on March 31, 2020 in terms of closing balance in it.