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Last Updated : Mar 31, 2020 02:37 PM IST | Source: PTI

Coronavirus pandemic | PFC pledges Rs 200 cr under PM-CARES Fund to fight COVID-19

PFC's employees will voluntarily contribute a day's salary to the fund to further strengthen the nation's fight against the dreaded disease, a company statement said.

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State-run Power Finance Corporation (PFC) on March 31 pledged to contribute Rs 200 crore to Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to support the battle against COVID-19.

Furthermore, PFC's employees will voluntarily contribute a day's salary to the fund to further strengthen the nation's fight against the dreaded disease, a company statement said.

Earlier, PFC had agreed to provide financial assistance of Rs 50 lakh to Indian Red Cross Society in Rajasthan.

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Under the corporate social responsibility initiative, PFC's financial aid will be used for distribution of health masks and sanitizers, as a part of preventive measures against COVID-19.

COVID-19 Vaccine

Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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PFC and its employees remain vigilant and alert in these testing times stand in solidarity with the society at this crucial juncture, the company said.
First Published on Mar 31, 2020 02:30 pm
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