PM-CARES collects around Rs 11,000 crores in the first year of its operations
Tags: National News
The Government of India has disclosed that the Prime Minister’s Citizen Assistance and Relief in Emergency Situation Fund (PM-CARES) received ₹10,990 crore in its first year till March 2021 as donations. Out of this ₹3,976 crore, or 36.17% of the money was spent for various relief and capacity building measures.
Major Utilisation of the Fund
For buying 66 million covid vaccines: Rs 1,392 crore
For buying 50,000 indian made ventilators : Rs 1,311 crore
For welfare of migrants,funds provided to states and Union Territories: Rs 1,000 crore .
To deal with the Covid pandemic ,the Government of India set up “Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)” in March 2020 as a public charitable trust .
It was set up to deal with any type of public health emergency like covids or any other emergency due to natural /man-made disaster etc
It accepts public donations so as to meet its objectives.
Prime Minister is the ex-officio Chairman of the PM CARES Fund and Union Minister of Defence, Union Minister of Home Affairs and Union Minister of Finance are the trustees of the fund.
The headquarters of the fund is at : New Delhi
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