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What was the primary objective of the PM CARES Fund established in March 2020?
- a)To provide tax benefits to corporations
- b)To manage public health emergencies and enhance healthcare infrastructure
- c)To fund military operations
- d)To promote international trade agreements
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What was the primary objective of the PM CARES Fund established in Mar...
The PM CARES Fund was established with the primary aim of managing public health emergencies and enhancing healthcare infrastructure. It serves to provide relief and support during crises, such as the COVID-19 pandemic. This fund not only facilitates immediate assistance but also focuses on long-term improvements in healthcare capabilities, which are crucial during such emergencies.
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What was the primary objective of the PM CARES Fund established in Mar...
Primary Objective of PM CARES Fund
The PM CARES Fund was established in March 2020 with a clear intention to address the challenges posed by the COVID-19 pandemic. Its primary focus is on strengthening public health infrastructure and managing health emergencies effectively.
Key Objectives of the PM CARES Fund:
- Enhance Healthcare Infrastructure:
The fund aims to improve the existing healthcare facilities across the country, which includes the procurement of essential medical equipment, setting up of new hospitals, and ensuring that adequate resources are available to combat health crises.
- Support for Emergency Preparedness:
It serves as a financial reserve that can be mobilized quickly in response to health emergencies. This includes funding research and development for vaccines and treatments.
- Financial Aid for Affected Individuals:
The fund also provides assistance to those adversely affected by the pandemic, including frontline workers and vulnerable populations.
- Collaboration with State Governments:
The PM CARES Fund works in coordination with state governments and health authorities to ensure that resources are allocated where they are most needed.
Conclusion:
In summary, the PM CARES Fund was specifically created to bolster India's capacity to deal with public health emergencies, making option 'B' the correct choice. The focus on enhancing healthcare infrastructure reflects the urgent need for a robust response to the COVID-19 crisis and future health challenges.
The PM CARES Fund was established in March 2020 with a clear intention to address the challenges posed by the COVID-19 pandemic. Its primary focus is on strengthening public health infrastructure and managing health emergencies effectively.
Key Objectives of the PM CARES Fund:
- Enhance Healthcare Infrastructure:
The fund aims to improve the existing healthcare facilities across the country, which includes the procurement of essential medical equipment, setting up of new hospitals, and ensuring that adequate resources are available to combat health crises.
- Support for Emergency Preparedness:
It serves as a financial reserve that can be mobilized quickly in response to health emergencies. This includes funding research and development for vaccines and treatments.
- Financial Aid for Affected Individuals:
The fund also provides assistance to those adversely affected by the pandemic, including frontline workers and vulnerable populations.
- Collaboration with State Governments:
The PM CARES Fund works in coordination with state governments and health authorities to ensure that resources are allocated where they are most needed.
Conclusion:
In summary, the PM CARES Fund was specifically created to bolster India's capacity to deal with public health emergencies, making option 'B' the correct choice. The focus on enhancing healthcare infrastructure reflects the urgent need for a robust response to the COVID-19 crisis and future health challenges.
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What was the primary objective of the PM CARES Fund established in March 2020?a) To provide tax benefits to corporationsb) To manage public health emergencies and enhance healthcare infrastructurec) To fund military operationsd) To promote international trade agreementsCorrect answer is option 'B'. Can you explain this answer?
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