Government launches PM CARES Fund

The government has set up a public charitable trust in a bid to have a dedicated national fund with the primary objective of dealing with emergency or distress situation like the current COVID-19 pandemic as well as to provide relief to the affected.

Under the name of ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund)’, the fund visions to make a better and healthier country. Prime Minister will be the Chairman of this trust and its Members include Defence Minister, Home Minister and Finance Minister. The PM stated that citizens will get tax benefits by donating to this fund.

“People from all walks of life expressed their desire to donate to India’s war against COVID-19. Respecting that spirit, the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund has been constituted. This will go a long way in creating a healthier India,” PM Modi stated in a tweet.