Prime Minister Narendra Modi announced the constitution of the PM's Citizen Assistance and Relief in Emergency Situations (PM-CARES) fund.
About:
Mandate: This will be a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic.
Administration: Prime Minister is the Chairman of this trust and its Members include Defence Minister, Home Minister and Finance Minister.
Features: Citizens and organisations can go to the website pmindia.gov.in and donate to PM CARES Fund. This fund will enable micro-donations allowing a large number of people will be able to contribute with smallest of denominations.
Donations to this fund will be exempted from income tax under section 80(G).
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