India $5 Trillion Economy


Union Budget 2021 | FM Sitharaman announces Rs 35,000 crore for COVID-19 vaccines

India should expect two more COVID-19 vaccines soon, Finance Minister Nirmala Sitharaman announced while presenting the Union Budget 2021-22 on February 1.

Finance Minister Nirmala Sitharaman tabled the Union Budget 2021-22 in Parliament on February 1. She has announced a package of 2,23,846 crores for the Health and Wellbeing Sector, of which Rs 35,000 crores will be allocated for COVID-19 vaccines. Two more COVID-19 vaccines are expected soon, she added.

The FM said: “India has two (coronavirus) vaccines available and has begun safeguarding not only her own citizens against COVID-19 but also those of 100 or more countries. It has added comfort to know that two more vaccines are also expected soon.”

Sitharaman added: “India now has one of the lowest COVID-19 death rates of 112 per million population and one of the lowest active cases of about 130 per million. This has laid the foundation for the economic revival we see today.”

Per expectations, the FY22 outlay for the Health and wellbeing sector is up 137 percent to Rs 2.2 lakh crores.

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