Thursday, April 2, 2020

DETAILS OF PM CARES FUND FOR COVID-19

SBI-COVID-FUND-DETAILS-PMCARES
After a long pause on accepting foreign donations, India on Wednesday said it has decided to accept foreign funds into the recently constituted Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund to combat the coronavirus.
Keeping in mind the need for having 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, and to provide relief to the affected, a public charitable trust under the name of Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) has been set up.

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