The Indian government has set aside $7 billion or approximately Rs 500 billion to vaccinate the second most populous country of the world against the Coronavirus, says a report.
Some people with the knowledge of the matter anonymously said prime minister Narendra Modi's administration estimates an all-in cost of about $6-$7 per person in the nation of 1.3 billion.
They added, the money provisioned so far is for the current financial year ending March 31 and there will be no shortage of further funds for this purpose.
The estimate of Vaccine:
It is expected that two injections will be used to vaccinate per person in India at the cost of $2 a shot.
And the cost of transport and storage per person is estimated to be $2-$3.
All these estimations have been done based on a working group's recommendations.
It has been predicted by a government-backed panel that at present the spread of infection in India has decreased but it will rise again by February and the pandemic has caused a massive blow to the country's economy and PM Modi has decided to reopen the economy.
The ongoing festive season can result in a sharp increase in the graph of Covid-19 cases.
On Tuesday, PM Modi assured that his government will leave no stone unturned in vaccinating all Indians as soon as it is ready.