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PM-CARES Fund
March 30 , 2020
1750 days
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- Prime Minister Modi announced PM-CARES Fund.
- PM-CARES is Prime Minister’s Citizen Assistance and Relief in Emergency Situations fund.
- The fund is being raised to deal with the distress or emergency as that of COVID-19 pandemic.
About
- Prime Minister of India is the Chairman of the trust.
- The other members of the trust include Finance Minister, Home Minister and Defence Minister.
- Funds being donated to the PM-CARES trust is to be exempted from tax under Section 80(G) of the Income Tax Act.
- The account of the fund is held by the State Bank of India.
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