WHAT IS PM CARES FUND?

Created on March 28, 2020, Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund or PM CARES Fund was set up to have a dedicated national fund to deal with any emergency and provide relief to the distressed.
 
According to the PM CARES Fund website, there are three objectives behind the relief fund.
 
1. To support assistance to health emergencies, upgrading the healthcare sector, or funding any relevant research.
 
2. To provide grants or take such other steps deemed fit by the Board of Trustees to the affected. The Board of Trustees are Minister of Defence Rajnath Singh, Minister of Home Affairs Amit Shah and Minister of Finance Nirmala Sitharaman.
 
3. To undertake any other activity, which is not inconsistent with the above objectives.
 

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