How much do you know about PM cares fund?

On 28th March 2020, Prime Minister Narendra Modi announced Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund).  Keeping in mind the need for having a dedicated national fund, the government took this step. With the primary objective of dealing with any kind of emergency or distress situation like COVID-19from. Apart from this, it also aims to provide relief to the affected people.

OBJECTIVES

To undertake and support relief or assistance of any kind relating to a public health emergency. Besides this, it also includes creating or upgrading healthcare or pharmaceutical facilities.

RELAXATIONS FOR PEOPLE

The fund consists entirely of voluntary contributions from individuals/organizations. It has also got exemption under the FCRA (Foreign Contribution (Regulation) Act 2010). Due to this, it is enabled of accepting donations and contributions from foreign countriescountries too. In addition to it, in April 2020, the Government of India issued an ordinance to exempt donations made to the Fund before 30 June, allowing them to qualify for a tax deduction under section 80G of The Income-tax Act, 1960.

A large population of India donated to this fund. According to reports, more than Rs.3, 076 crores in just five days. Thus, we can say that every citizen of India is always ready to contribute to the country.

Though there are some people who are saying that India already had a fund like PMNRF (Prime Minister National Relief Fund). Then what was the need for new funds? Clearly, this fund and PMNRF are confusing people. Therefore,there is a need of knowing the difference between both of them. So let’s have a look on it.

DIFFERENCE BETWEEN PMNRF AND PM CARES FUND

  • PMNRF (Prime Minister National Relief Fund) was established in January 1948.

Where as

PM CARES Fund was established on 27th March 2020

  • The initial purpose of establishing PMNRF (Prime Minister National Relief Fund) was to help the people displaced due to the partition of India and Pakistan.

On the other hand

The objective of the PM CARES fund is to help people affected by the COVID-19 pandemic.

  • The minimum amount one can donate in the Prime Minister National Relief Fund (PMNRF) is Rs.100.

In contrast

PM CARES Fund allows the option for Micro donation, one can donate as low as Rs.10 in the PM CARES FUND.

  • PMNRF focuses on all kinds of natural disasters and calamities like cyclones, Earthquakes, Floods, Tsunamis, etc. The PMNRF funds are also utilized for other cases too. These include acid attack victims, cancer treatments, kidney transplants, etc.

While  

PM CARES fund is exclusively used for COVID-19 purposes.

After seeing the differences between both the funds, it is clear that both the funds are different. And the step of creating the PM Cares Fund was the right decision that also at right time. India had witnessed the major growth in the health sector during COVID-19. And this fund had contributed a lot in doing this.

AUTHOR: KRITI SRIVASTAVA


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