Serum Institue of India (SII) has fixed the price of Covishield vaccine at ₹600 per dose for private hospitals and ₹400 per jab for state governments, the company said in a release on Wednesday.

SII further said the company will serve 50% of the total production to the Government of India’s vaccination program, and the remaining 50% of the capacity will be for the State governments and private hospitals.

SII welcomed govt’s new liberalised vaccination policy, adding that the announcement will accelerate India’s vaccination drive.

SII stated that, ’The promising directives will help to scale-up vaccine production, and allow state governments, private hospitals, and vaccination centers to procure vaccines directly’.

Everyone above 18 years of age will be eligible to get vaccinated against COVID-19 from May 1, the central government said on Monday as it liberalised the vaccination drive to allow states, private hospitals and industrial establishments to procure the doses directly from manufacturers.