PM CARES FUND

PM CARES FUND


The Prime Minister, Shri Narendra Modi has appealed to generously donate to ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’.


PM CARES FUND; CURRENT AFFAIRS 29TH MARCH 2020





WHAT DO YOU NEED TO KNOW ABOUT PM CARES?



‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund)’ has been set up as a public charitable fund keeping in mind the need for having a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected.


Prime Minister is the Chairman of this trust and its Members include Defence Minister, Home Minister and Finance Minister.


Following modes of payments are available on the website pmindia.gov.in –

  • Debit Cards and Credit Cards
  • Internet Banking
  • UPI (BHIM, PhonePe, Amazon Pay, Google Pay, PayTM, Mobikwik, etc.)
  • RTGS/NEFT

Further, the donations to this fund will be exempted from income tax under section 80(G).


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WHY IS IT BEING ESTABLISHED?



Distress situations, whether natural or otherwise, demand expeditious and collective action for alleviating the suffering of those affected, mitigation/control of damage to infrastructure and capacities etc. Therefore, building capacities for quick emergency response and effective community resilience has to be done in tandem with infrastructure and institutional capacity reconstruction/enhancement. 


This fund will enable micro-donations as a result of which a large number of people will be able to contribute with smallest of denominations.


IMPORTANT: Since we all know that world is going through such a tough phase and in this grim situation we have a moral responsibility to contribute our part in helping our country battle this COVID-19 pandemic. This is completely voluntary and if you wish to donate please go through the following details: 

  • Name of the Account: PM CARES
  • Account Number: 2121PM20202
  • IFSC Code: SBIN0000691        
  • SWIFT Code: SBININBB104
  • Name of Bank & Branch: State Bank of India, New Delhi Main Branch
  • UPI ID: pmcares@sbi

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