PM CARES Fund - A Complete Guide

PM CARES Fund Overview: Established by the Indian government in March 2020, the PM CARES Fund aims to provide relief during emergencies like the COVID-19 pandemic. Purpose: Supports immediate relief, healthcare infrastructure enhancement, and research and development in public health.

Who Can Donate: Individuals, companies, foreign entities, and others can contribute electronically, with donations starting from INR 10. Tax Benefits: Donations qualify for a full tax deduction under section 80G of the Income Tax Act.

Donation Process: Visit the PM CARES Fund website, enter details, choose payment mode (UPI, credit/debit cards, etc.), and receive a donation receipt. CSR Opportunity: For companies, contributions count towards Corporate Social Responsibility (CSR) expenditure.

Transparency: Managed by the Prime Minister and exempt from national budget funding, ensuring flexibility in resource deployment. Global Participation: Foreign donations are welcomed, exempted under the Foreign Contribution Regulation Act (FCRA).