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PM-CARES Fund

PM-CARES Fund:

Ratan Tata, KT Thomas (former SC judge) and Kariya Munda ( former deputy speaker) have been appointed as trustees of the PM CARES Fund

  • PM CARES ( PM Citizens’ Assistance and Relief in Emergency Situation Fund) was launched in 2020, following COVID-19 to combat, and containment and relief efforts against the coronavirus outbreak and similar pandemic-like situations in the future.
  • Contribution is voluntary ( no budget support)
  • PM is ex-officio Chairman
  • Contribution to it qualifies under tax benefits
  • It has been created not by law, not by notification
  • Minimum donation accepted is Rs 10