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What is PM-CARES Fund: How to Make Donations

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Dashamlav | 29 March 2020 (अंतिम बदलाव: 4 May 2020)

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
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

What are the online payment modes available for donation?

You can make your online contribution using any of the following methods:

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

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.
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