PM CARES Fund, Objectives and Contributions

About PM CARES Fund

• PM CARES stands for Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund. It was created during the Covid-19 pandemic.
• It has been registered as a Public Charitable Trust.
• Objective: To deal with any kind of emergency or distress situation, like posed by the pandemic, and to provide relief to the affected individuals.
• Audit: PM CARES Fund is audited by an independent auditor. (Not CAG)

Contributions to the Fund

The fund consists entirely of voluntary contributions from individuals or organizations and does not get any budgetary support.

• Donations to PM CARES Fund qualify for 80G benefits for 100% exemption under the Income Tax Act.
• Contributions made to the Fund by companies or PSUs qualify for Corporate Social Responsibility (CSR) expenditures as provided under the Companies Act, 2013.

Trustees and Advisors

• Ex-officio Chairperson: Prime Minister of India.
• Ex-officio Trustees (3): Union Minister of Defence,Home Affairs and Finance.
• Nominated trustees: Justice K.T. Thomas (Retd.) & Kariya Munda.
• Advisory Board: Rajiv Mehrishi, Sudha Murthy & Anand Shah.

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