A dedicated national fund to fight COVID-19 has been constituted by the Prime Minister Narendra Modi. The fund named “PM’s Citizen Assistance and Relief in Emergency Situations (PM-CARES)” was announced by the Prime Minister on March 28, 2020. This primary objective of this fund is to deal with any kind of emergency or distress situation, like posed by the COVID-19 pandemic.
Prime Minister is the Chairman of this trust and its Members include Defence Minister, Home Minister and Finance Minister.
Citizens and organisations can go to the website pmindia.gov.in and donate to PM CARES Fund. This fund will enable micro-donations allowing a large number of people will be able to contribute with smallest of denominations.
Donations to this fund will be exempted from income tax under section 80(G).
The account number for the PM CARES fund is 2121PM20202 with IFSC code SBIN0000691. The SWIFT code is SBININBB104 and the UPI id is pmcares@sbi.
People can also donate to the fund on pmindia.gov.in using UPI, Net Banking, RTGS, NEFT and debit and credit cards.
