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PM CARES Fund: Ratan Tata, former SC Justice KT Thomas, Sudha Murthy newly appointed as Trustees of PM CARES Fund

On Wednesday, The Prime Minister's Office (PMO) issued this information that Prominent personalities, including industrialist and TATA Sons chairman emeritus Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda have been nominated as trustees of the PM CARES Fund.

By Priyanka Verma 
Updated Date

New Delhi: On Wednesday, The Prime Minister’s Office (PMO) issued this information that Prominent personalities, including industrialist and TATA Sons chairman emeritus Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda have been nominated as trustees of the PM CARES Fund.

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Earlier on Tuesday, Prime Minister Narendra Modi chaired a meeting of the Board of Trustees of the PM Cares Fund, during which a presentation was made on various initiatives taken with the help of the fund, including the PM Cares for Children scheme, which supports 4,345 children. The meeting was attended by PM CARES Fund trustees Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman.

Former Comptroller and Auditor General Rajiv Mehrishi, former Infosys Foundation chairperson Sudha Murthy and Teach for India co-founder Anand Shah have been nominated into the advisory board of the Fund. “Prime Minister welcomed the trustees for becoming an integral part of the PM CARES Fund,” the Prime Minister’s Office said in a statement. Sitharaman and Shah are the other trustees. “Prime Minister said that participation of new trustees and advisors will provide wider perspectives to the functioning of the PM CARES Fund,” the statement said.

What is PM CARES fund?

Called the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund, this charitable trust was set up by the Centre on March 28, 2020. All citizens including individuals, corporates, and organizations can contribute to this fund to augment the relief efforts in the wake of the novel coronavirus crisis. The donation to PM CARES fund is exempted from Income Tax under Section 80(G). One can donate via bank transfer, UPI, Debit and Credit Cards, and internet banking. This fund would not only cater to similar situations in the future but would also help strengthen disaster management capacity.

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