Rs 900 crore package announced by Government for COVID-19 Vaccine Development Mission

The Centre has announced the third stimulus package of Rs 900 crore for the Mission COVID Suraksha- The Indian COVID-19 Vaccine Development Mission. This grant will be provided to the Department of Biotechnology (DBT) for Research and Development of Indian COVID-19 vaccines with end-to-end focus from preclinical development through clinical development and manufacturing and regulatory facilitation for deployment. It would consolidate all available and funded resources towards an accelerated product development. The Ministry of Science and Technology said that this will help accelerate development of approximately 5 to 6 vaccine candidates. This will also ensure that these are brought closer to licensure and introduction in the market for consideration of regulatory authorities for introduction in public health systems, to combat further spread of COVID infection. Phase-I of the COVID Suraksha Mission has been allotted 900 Crore rupees for a period of 12 months.