On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES fund launched by Prime Minister Narendra Modi. Writing on Twitter, RK Singh, Minister of State (IC) Power and New & Renewable Energy, expressed solidarity with the government in the fight against the novel coronavirus and said that first part of the donation will be made on March 31 and rest in the first week of April.
We feel honoured to share that the Public Sector Undertakings of the Ministries of Power & MNRE have decided to contribute INR 925Cr to the #PMCARES fund with 445Cr being deposited on 31st of March and remaining in the first week of April.— R. K. Singh (@RajKSinghIndia) March 30, 2020
Jai Hind🇮🇳@PMOIndia @narendramodi
Called the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund, this charitable trust was set up by the Centre on March 28. While PM Modi is the Chairman of this trust, the Defence Minister, Home Minister and Finance Minister are the other members. All citizens including individuals, corporates and organizations can contribute to this fund to augment the relief efforts in the wake of the novel coronavirus crisis.
People from all walks of life expressed their desire to donate to India’s war against COVID-19.— Narendra Modi (@narendramodi) March 28, 2020
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.
The donation to PM CARES fund will be exempted from Income Tax under Section 80(G). Moreover, PM Modi specified that the fund would not only cater to similar situations in the future, but would help strengthen disaster management capacity. One can donate via bank transfer, UPI, Debit and Credit Cards and internet banking.
The PM-CARES Fund accepts micro-donations too. It will strengthen disaster management capacities and encourage research on protecting citizens.— Narendra Modi (@narendramodi) March 28, 2020
Let us leave no stone unturned to make India healthier and more prosperous for our future generations. pic.twitter.com/BVm7q19R52
So far, eminent personalities such as Akshay Kumar, Varun Dhawan, Rajkummar Rao, Bhumi Pednekar, Anushka Sharma, Virat Kohli, Sabyasachi and Badshah have pledged a donation to the PM CARES fund. Moreover, the Adani Foundation has announced Rs.100 crore for this new fund. While the Home Ministry officials have decided to donate one day salary, the staff of the Supreme Court will donate three days' salary to the PM CARES fund.