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 . 

PMCARES 

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