The outbreak of COVID-19 has posed serious health and economic emergency all across the globe. India, being a developing country with world’s second largest population, has even more potential of being badly hit by the global menace from all ends. In order to deal with the emergency and distressful situation which has arisen in the country due to COVID-19 pandemic, the Prime Minister of India, Mr. Narendra Modi, has appealed to the fellow Indians to make monetary contributions towards the PM-CARES FUND.
What is PM-CARES FUND?
PM-CARES Fund is a public charitable trust under the name ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund). As the name suggests, this national fund is raised with the help of Indian citizens’ assistance for providing relief and overcome any emergency or distressful situations prevailing in the country.
Who are the members of the PM-CARES Fund Trust?
Prime Minister of India acts the Chairman of the trust.
The Defence Minister, Home Minister and Finance Minister together serve as the members of the trust.
What is the minimum donation limit of PM –CARES Fund?
The fund enables micro-donations which means you can contribute smallest of denominations towards this fund. In simple words, you can donate whatever amount you can afford.
Can a company claim the donation as a CSR expenditure?
Yes, any contribution made to the PM-CARES Fund shall qualify as CSR expenditure.
Is there any Income Tax exemptions?
Yes, your donations to the PM-CARES Fund will be 100% exempted under the section 80(G) of the Income Tax Act.
What are the account details of the PM-CARES Fund?
The account details of the PM-CARES Fund are as follows:
|Account Details of the PM-CARES Fund
|Name of the Account||PM CARES|
|Name of Bank & Branch||State Bank of India, New Delhi Main Branch|
|UPI ID||[email protected]|
What are the online payment modes available for donation?
You can make your online contribution using any of the following methods:
- Debit Cards and Credit Cards
- Internet Banking
- UPI (BHIM, PhonePe, Amazon Pay, Google Pay, PayTM, Mobikwik, etc.)
Does PM-CARES accept funds from foreign countries?
Yes. Individuals and organizations from foreign countries can also make donation to the PM-CARES fund.
Who has donated to PM-CARES fund?
Initially, the following people / organizations have made contributions to the PM-CARES fund:
|Name||Business / profession||Amount|
|Tata Sons and Tata Trusts||Conglomerate||Rs. 1,500 crores|
|Gautam Adani||Conglomerate||Rs. 100 crores|
|JSW Group||Steel manufacturing||Rs. 100 crores|
|Indian Railways from employees’ salary||Rs. 151 crore|
|Actor Akshay Kumar||Bollywood actor||Rs. 25 crores|
|Actor Kartik Aryan||Bollywood actor||Rs. 1 crore|
|Virat Kohli and Anushka Sharma||Virat is cricketer and Anushka is a bollywood actress||undisclosed amount|
|Raj Kundra and Shilpa Shetty||Raj is a businessman and Shilpa is a bollywood actress||Rs. 21 lakhs|
|Anita Dongre||Fashion Designer||Rs. 1.5 crores|
|Sabyasachi Mukherjee||Fashion Designer||Rs. 1 crore + Rs. 50 lakhs to CM of West Bengal Relief Fund|
|Varun Dhawan||Bollywood actor||Rs. 30 lakhs|
|Gautam Gambhir||Former cricketer and Member of Parliament||Rs. 1 crore|
|Suresh Raina||Cricketer||Rs. 31 lakh + Rs. 21 lakh to CM of Uttar Pradesh Relief Fund|
|Board of Control for Cricket in India||Cricket game’s controlling body||Rs. 51 crores|
|L&T||Conglomerate||Rs. 150 crores|
|Guru Randhawa||Punjabi singer||Rs. 20 lakhs|
|Uday Kotak||Banker||Rs. 25 crores|
|Kotak Mahindra Bank||Rs. 25 crores|
|Bhushan Kumar||Owner of T-series||Rs. 11 crores|
|Murad Khetani||Film producer||Rs. 25 lakhs + Rs. 25 lakhs to CM of Maharashtra Relief Fund|
|Motilal Oswal||Businessman||Rs. 5 crores|
|Airport Authority of India employees||Rs. 20 crores|
|Ram Nath Kovind||President of India||One month’s salary|
|Indian Administrative Services (IAS) Association||Rs. 21 lakhs|
|CRPF employees||Two days’ salary|
|TVS Motor Company||Rs. 25 crores|
|Reliance Industries Limited||Petroleum refinary||Rs. 500 crores to PM-CARES
+ Rs. 5 crores each to CM Funds of Maharashtra and Gujarat
+ a Covid-19 hospital in Mumbai
|M C Mary Kom||Boxer and Rajya Sabha MP||One month’s salary|
|Supreme Court employees||Three days’ salary|
|Rohit Sharma||Cricketer||Rs. 80 lakhs|
|Radhakishan Damani||Owner of DMart||Rs. 100 to PM-CARES + Rs. 55 crores to CM Relief Funds of various states|
|Amir Khan||Bollywood actor||Undisclosed amount.|
|Salman Khan||Bollywood actor||Financial support for 25,000 daily wage workers from the film industry.|
|Thala Ajith||Tamil movie actor||Rs. 50 lakhs to PM-CARES + Rs. 50 lakhs to CM Relief Fund of Tamil Nadu.|