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What is PM CARES Fund?

PM CARES Fund

About PM CARES Fund

What is PM CARES Fund?

Created on March 28, 2020, Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund or PM CARES Fund was set up to have a dedicated national fund to deal with any emergency and provide relief to the distressed.
 
According to the PM CARES Fund website, there are three objectives behind the relief fund.
 
1. To support assistance to health emergencies, upgrading the healthcare sector, or funding any relevant research.
 
2. To provide grants or take such other steps deemed fit by the Board of Trustees to the affected. The Board of Trustees are Minister of Defence Rajnath Singh, Minister of Home Affairs Amit Shah and Minister of Finance Nirmala Sitharaman.
 
3. To undertake any other activity, which is not inconsistent with the above objectives.
 
FUND CONSTITUTION
 
Even though the government has not revealed the official details of the fund, it informs that Prime Minister Narendra Modi is the ex-officio chairman while Minister of Defence, Minister of Home Affairs, and Minister of Finance are the ex-officio trustees.
 
The Prime Minister has the power to nominate the trustees who will be eminent persons in the field of research, health, science, social work, law, public administration, and philanthropy.
 
FUND FINANCE
 
The fund is fully based on voluntary contributions from people or organisations and has no place in the Union Budget. The donations made to PM CARES Fund are tax-exempted under 80G benefits and also qualify as Corporate Social Responsibility expenditure under the Companies Act, 2013.
 
A separate account has been also opened for receiving contributions from individuals and organisations based out of India.
 
DIFFERENCE BETWEEN PM CARES FUND AND PM RELIEF FUND?
 
Prime Minister National Relief Fund or PMNRF was established in January 1948 by the first Prime Minister of India, Jawaharlal Nehru. PMNRF has been attached with all Centre and State-run hospitals and many private hospitals as well. The PM CARES Fund was founded in 2020 by current Prime Minister Modi. There is no clarity on its network with hospitals.
 
CRITICISM
 
The fund has received much criticism since it was established as it lacks transparency with its functioning and accounts. The government yet to publicly disclose the total fund generated and the names of donors as it refuses to call it a public authority for the laws such as the Right to Information Act, 2005.
 

Latest Updates on PM CARES Fund

51% of applications under PM Cares scheme for Covid orphans rejected

9,331 applications were received for scheme, according to data shared by the Women and Child Development Ministry

Updated On : 16 Jul 2024 | 3:27 PM IST
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Cong raises questions over PM CARES Fund, asks about 'lack of transparency'

Jairam Ramesh alleged that given the history of the Modi government, as shown by the "electoral bond scam", one can only speculate that the lack of transparency was deliberately engineered

Updated On : 18 Mar 2024 | 6:55 PM IST
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Kharge asks Centre for PM CARES relief for rain-hit states, speaks to HP CM

A day after 19 people were killed in landslides and other rain-related incidents, the Congress president also spoke to Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu to express his concern

Updated On : 10 Jul 2023 | 12:36 PM IST
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Investigate PM CARES Fund: Uddhav amid ED action in Covid facility 'scam'

"We are not scared of any probe. And when you (government) want to probe, then you also probe Thane municipal corporation, Pimpri-Chinchwad, Pune and Nagpur civic bodies," he said

Updated On : 24 Jun 2023 | 2:20 PM IST
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Eye on CSR-I: Listed govt firms contributed Rs 2,900 crore to PM CARES

The first of a three-part series on corporate social responsibility (CSR) explores allocations to the PM CARES Fund. The analysis is in the context of easing of CSR disclosure rules in annual reports

Updated On : 24 Apr 2023 | 5:31 PM IST
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Annamalai hits back at DMK's Rs 500 crore damages demand, calls it baseless

"I demand Rs 500 crore as damages for making baseless allegations against me and the Bharatiya Janata Party (BJP) in the public domain. I wish to pay the sum to PM CARES fund, " Annamalai added

Updated On : 17 Apr 2023 | 2:52 PM IST
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Delhi HC posts hearing to April 20 to declare PM CARES Fund as 'State'

The Delhi High Court on Thursday adjourned hearing in a plea seeking a declaration of PM CARES Fund as "State" under Article 12 of the Constitution of India, to April 20.

Updated On : 09 Feb 2023 | 1:36 PM IST
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PM CARES fund not govt's, 3rd party info can't be given under RTI: Delhi HC

The PM CARES Fund is not a government fund and no third party information can be parted with irrespective of its status under the Constitution and the Right to Information (RTI) Act, says Delhi HC

Updated On : 31 Jan 2023 | 5:49 PM IST
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Adhir Ranjan challenges BJP to explain Chinese donations to PM-Cares fund

Congress leader Adhir Ranjan Chowdhury further claimed that China is building a bridge inside the Indian territory

Updated On : 17 Dec 2022 | 7:22 AM IST
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Govt appoints Ratan Tata, two others as trustees of PM CARES Fund

The prime minister welcomed the trustees for becoming an integral part of the PM CARES Fund

Updated On : 21 Sep 2022 | 6:51 PM IST
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Majority of donations in India made to religious organisations: Report

Nearly 64 per cent of total donations went to religious organisations and the highest number of donations were made by lower-income and middle-class households, says a latest survey

Updated On : 20 Sep 2022 | 9:31 AM IST
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Delhi High Court lists for hearing pleas on PM CARES Fund on January 31

A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad also granted four weeks' time to the Centre to file its reply in the matter

Updated On : 16 Sep 2022 | 3:02 PM IST
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HC asks Centre to file reply on plea to declare PM CARES Fund a 'State'

Observing that the issue concerning the PM CARES Fund is "not so simple" the high court asked the Centre to file a detailed and exhaustive response in the matter.

Updated On : 12 Jul 2022 | 11:48 PM IST
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PM CARES for Children Scheme: What are its objectives and benefits?

What is PM Cares for Children Scheme? It is meant for the welfare of children who lost their parents to the Covid-19 pandemic. Here is all you need to know about it

Updated On : 08 Jul 2022 | 6:00 AM IST
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PM Cares: Modi announces education loans, monthly stipend for Covid orphans

He said in that atmosphere of negativity during the pandemic, India relied on its strength

Updated On : 30 May 2022 | 11:57 PM IST
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PM Cares for Children: Rs 4,000 monthly stipend, Rs 10L lump sum and more

Of the 9,042 applications received for the 'PM Cares for Children' scheme since May 2021, as many as 4,302 applications have been approved

Updated On : 30 May 2022 | 2:18 PM IST
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India has become one of the fastest growing economies in the world: PM Modi

The prime minister was speaking at an event where he released benefits under the PM-CARES for Children Scheme

Updated On : 30 May 2022 | 12:51 PM IST
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PM Modi releases benefits under PM CARES for children orphaned in Covid

PM Modi transferred scholarships to school-going children under the PM CARES scheme

Updated On : 30 May 2022 | 11:48 AM IST
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LIVE: NCB officer Sameer Wankhede transferred from Mumbai to Chennai

Wankhede was part of investigation of the drugs-on-cruise case

Updated On : 30 May 2022 | 11:26 PM IST
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PM Modi to release benefits under PM CARES for Children Scheme today

A passbook of PM CARES for Children, and health card under Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana will be handed over to the children during the programme, the Prime Minister's Office said

Updated On : 30 May 2022 | 7:41 AM IST
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