Sharing the development in a statement on X, the minister said the financial assistance was not, and could never be, a substitute for the irreparable loss suffered by the grieving families.
He said the compensation was a modest effort by the government to express solidarity with the bereaved parents and provide them with financial support during an extremely difficult period.
The PIMS tragedy, which resulted in the deaths of newborn infants, has raised serious questions regarding hospital safety measures, fire preparedness and emergency response arrangements.
The incident has also prompted calls for accountability and a thorough investigation to determine the circumstances surrounding the tragedy and prevent similar incidents from occurring in the future.