As soon as the coronavirus hit the world, India emphasised the imperative of collaboration to overcome the inimical health and economic impact of the virus. It was with this objective that the Indian government organised a virtual meeting of SAARC leaders on March 15, 2020. In the initial months of the pandemic, India, by virtue of the fact that it is the ‘pharmacy of the world’, ramped up production of essential medicines like hydroxychloroquine, paracetamol etc. as well as Personal Protection Equipment (PPE) kits, ventilators and masks. In the rapidly evolving global geo-political landscape, the healing and supportive actions by India through supply of Covishield and Covaxin vaccines will have a huge impact in promoting peace, security, cooperation and prosperity in the region and the world. This is all the more commendable when there are only few countries in the world who have thus far been able to successfully manufacture COVID-19 vaccines.
What is the amount that India has created to contribute in SAARC COVID-19 Emergency Fund?
Correct Answer :
$10 million
Solution :
The correct option is $10 million.
Explanation:
During the virtual meeting of SAARC (South Asian Association for Regional Cooperation) leaders held on March 15, 2020, to formulate a joint strategy against the COVID-19 pandemic, India proposed the creation of a COVID-19 Emergency Fund for the region.
India led the initiative by making an initial voluntary contribution of $10 million to this fund to help SAARC member nations meet the costs of immediate emergency actions and combat the pandemic effectively.
Access expert-curated educational resources and study materials—completely free.
Create, conduct, and manage professional online assessments with Mindyard. Perfect for teachers and institutes.
Copyright © 2026 Mindyard. All Rights Reserved.
