PM CARES

• IAS NEXT, Lucknow
• 10, Feb 2022

Reference News-

According to the latest Findings, 64 per cent of the Rs 10,990 crore collected by the PM CARES Fund between March 27, 2020, and March 31, 2021, remained unused as of the latter date.

• Billed as a “dedicated fund with the primary objective of dealing with any kind of emergency and provide relief to the affected”, PM CARES spent just Rs 3,976 crore in the first year of its operation.

Issues surrounding the fund and its functioning:

PM CARES has been under a cloud of suspicion ever since it was announced, with opposition parties demanding transparency over the handling of the funds.

About PM-CARES:

The Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund was set up to accept donations and provide relief during the Covid-19 pandemic, and other similar emergencies.

PM-CARES Fund:

• PM-CARES was set up as a public charitable trust with the trust deed registered on March 27, 2020.
• It can avail donations from the foreign contribution and donations to fund can also avail 100% tax exemption.
• PM-CARES is different from the Prime Minister’s National Relief Fund (PMNRF).

Who administers the fund?

Prime Minister is the ex-officio Chairman of the PM CARES Fund and Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of the Fund.

• In 2021, the Delhi High Court was informed that the PM CARES Fund is not a Government of India fund and that the amount collected by it does not go to the Consolidated Fund of India.