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Home / IAS Preparation / PM CARES Fund

PM CARES Fund: Objectives, Members, Key Responsibilities & UPSC Notes

Last Updated on May 07, 2025
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The government has established the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to deal with any crisis or misery posed by the COVID-19 pandemic.

This topic is related to the General Studies Paper II, which covers Initiatives directed at Universal Health Coverage in India, Government Policies & Interventions, Health, Government Schemes, Current Affairs & Events, Indian Governance, the Constitution of India, International Relationships, Social Justice, etc. This article is of massive importance for UPSC CSE exam aspirants. It will be of boundless help in their preparation. Join UPSC Coaching today to raise your preparation.

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Syllabus

General Studies Paper II

Topics for Prelims

PM CARES Fund, PM Cares for Children Scheme, PM’s National Relief Fund

Topics for Mains

Government Policies & Interventions, Health, Government Schemes, Current Affairs & Events.

What is the PM CARES Fund?

Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) is a general charitable trust. The need for a dedicated fund has been specified to deal with any crisis or distress condition, like the one posed by the COVID-19 pandemic, and deliver comfort to the affected.

About the Fund

  • The fund is a general charitable trust with the Prime Minister as its Chairman. Other Associates include the Home Minister, Defence Minister and the Finance Minister.
  • The fund helps micro-donations, letting many people donate with the least sects.
  • The fund will fortify disaster management powers and encourage analysis on saving citizens.
  • Contributions to the Fund are qualified for 100% tax exemption under Section 80G of the Income Tax Act and are allowed as CSR expenditure under the Companies Act 2013.
  • PM CARES Fund has also been exempted under the Foreign Contribution Regulation Act (FCRA), and an individual account for accepting foreign contributions has been unlocked. 
  • This even includes discussions about the Prime Minister's National Relief Fund (PMNRF). 
  • PMNRF has also acquired foreign grants as a public trust since 2011.

Objectives

  • To support and undertake assistance or relief of any kind connecting to a public health crisis or any other type of crisis, misfortune or misery, either unnatural or natural, including the upgradation or creation of pharmaceutical facilities or health care, other essential infrastructure, funding suitable analysis or any other type of help.
  • To generate financial services, supply assistance with money payments, or take other efforts considered indispensable by the Board of Trustees to help the affected people.
  • To embark on any other action that is not incompatible with the above Entities.

Members

  • The Prime Minister acts as the ex-officio Chairperson, with the Home Minister, Defence Minister and Finance Minister as ex-officio trustees. 
  • The Chairperson of the Board of Trustees (the PM) can select 3 trustees to the Board of Trustees. 
  • Any trustee designated shall function on non-profit grounds.
  • The PMO delivers the Trustees with organisational and secretarial licenses for the Trust's management and leadership as required.

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Who are the Trustees and Advisors of the PM CARES Fund?

The Prime Minister of India is the ex-officio Chairperson of the PM CARES Fund and the Minister of Home Affairs, Minister of Defence, and Minister of Finance of the government of India. They are the ex-officio Trustees of the Fund. As the Chairperson of the Board of Trustees of the PM CARES Fund, the Prime Minister has appointed Shri Justice K.T.Thomas (Retd.) and Shri Kariya Munda as two trustees to the Board.

The Board of Trustees of the PM CARES Fund has also appointed the following to the Advisory Board of the Trust:

  1. Shri Rajiv Mehrishi
  2. Shri Anand Shah
  3. Smt. Sudha Murthy

What are the responsibilities of the Trustees?

The Trustees are liable for the following:

  • Fulfilling the entities of the Trust.
  • Handling the contribution method to confirm the correct application of the Trust property.
  • Drafting and presenting all filings, reports and returns as needed under relevant law.

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Performance Till Now
  • Since the Beginning (2019-23), the total contribution was ₹13,605 crore. Voluntary contributions were ₹13,067 crore, Foreign contributions were ₹538 crore, and total interest earnings were ₹565 crore.
  • Entire Contributions in 2022-23 were ₹912 crore, Voluntary contributions were ₹909.64 crore, and Foreign contributions were ₹2.57 crore.
  • The whole amount disbursed in 2022-23 was ₹439 crore, ₹346 crore for PM CARES for children, ₹91.87 crore for Procurement of 99,986 oxygen concentrators and ₹1.51 crore for Contribution refunds.
  • As of 2022-23, the fund had a closing credit of ₹6,284 crore.

Contribution to PM - CARES Fund will Alter as CSR Expenditure

  • The Ministry of Corporate Affairs has explained that donations by firms towards the PM CARES Fund will count towards compulsory Corporate Social Responsibility (CSR) expenses.
  • Under the Companies Act 2013, firms with a lowest net value of Rs 500 crore, turnover of Rs 1,000 crore, or net gain of Rs 5 crore must pay at least 2% of their average earnings for the last three years on annual CSR activities.
  • The term "Corporate Social Responsibility" in general can be directed to as a corporate endeavour to consider and take accountability for the firm's effects on the circumstances and social welfare.

Existing Equivalent Fund: Prime Minister's National Relief Fund (PMNRF)
  • This fund was created in 1948 by Prime Minister Jawaharlal Nehru to help displaced individuals from Pakistan. The fund is used mainly to tackle natural mishaps like cyclones, floods and earthquakes. The fund is also utilised to assist with medical remedies like cancer treatment, kidney transplantation and acid attacks.
  • The fund consists of public donations and does not get any budgetary help. It receives voluntary contributions from individuals, associations, trusts, firms, and organisations.
  • Contributions towards PMNRF are reported for 100% removal from taxable earnings under section 80(G) of the Income Tax Act, 1961.

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Key Takeaways on PM CARES Fund

  • Set-Up: The PM CARE Fund was set up for COVID-19 related healthcare crisis in March 2020.
  • Purpose: The purpose of the PM CARES Fund is to help people in need with relief when trapped in crises, mishaps, or natural calamities.
  • Headed By: The PM of India is the PM CARES Fund's head and Chairperson.
  • Other Heads: The Ministry of Home Affairs, Ministry of Finance and Ministry of Defence serve as trustees under the PM CARES Fund.

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PM CARES Fund UPSC FAQs

No statutory period is prescribed for the audit of the PM CARES under the Income Tax Act. However, the audit will be conducted at the end of the Financial Year.

PM CARES Fund has been allotted a Permanent Account Number (PAN) AAETP3993P.

The Head Office of the Fund is the Prime Minister's Office, South Block, New Delhi.

No statutory period is prescribed for the audit of the PM CARES under the Income Tax Act. However, the audit will be conducted at the end of the Financial Year.

An independent auditor audits the PM CARES Fund. During the 2nd meeting held on 23.04.2020, the Trustees of the Fund decided to appoint M/s SARC & Associates, Chartered Accountants, New Delhi, as the auditors of PM CARES Fund for 3 years.
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