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PM Narendra Modi formulated PM-CARES fund to fight coronavirus outbreak

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Prime Minister Narendra Modi has created assistance and emergency situation relief fund namely Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES)where people can contribute and help in the government’s fight against coronavirus.This newly created public charitable trust has PM Narendra Modi as the chairman and defence minister (Rajnath Singh), home minister (Amit Shah) and the finance minister (Nirmala Sitharaman) as its members.PM Narendra Modi announces PM-CARES fund

  • People can visit to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT.
  • State Bank of India (SBI) is the banking partner of PM-CARES.
  • It should be noted that this is a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation and to provide relief to the affected

Key Contributions towards PM-CARES

People from all spheres and occupations are making contributions. Here are the key ones:

-President Ram NathKovind donated a month’s salary to the fund.

-Indian Railways is donating Rs 151 crore to help in combating the coronavirus threat.

-The Army, Navy and the Indian Air Force as well as employees of the Defence Ministry have decided to donate one day’s salary totalling around Rs 500 crore.

-The Supreme Court staff will give up to three days’ worth of salary to the PM CARES fund.

-Tata Sons and Tata Trusts have pledged to give Rs 1,500 crore. Adani Group owner Gautam Adani had also pledged to give Rs 100 crore towards the fund. Bollywood actor Akshay Kumar donated Rs 25 crore towards the fund, among others.