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Feature
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PM CARES Fund
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PMNRF
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Purpose
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Established to tackle emergency and distress situations (e.g., COVID-19 pandemic and future emergencies).
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Originally created to support refugees from Partition (1948); now used for disaster relief and medical assistance.
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Date of Establishment
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March 27, 2020
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January 1948
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Governance
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PM, Home Minister, Finance Minister, and Defence Minister as trustees.
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Initially managed by a committee (until 1985). Now, the Prime Minister has full control.
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Utilization of Funds
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Primarily for pandemic response, healthcare infrastructure, and disaster relief.
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Assists victims of natural disasters, accidents, riots, and medical treatments.
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Tax Benefits
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Eligible for 80G tax exemptions and CSR deductions.
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Eligible for 80G tax exemptions but not for CSR deductions.
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Foreign Donations
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Permitted under FCRA, 2010.
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Also accepts foreign contributions.
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Audit
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Audited by M/S SARC Associates Chartered Accountants, New Delhi.
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Audited by an independent auditor (currently M/S SARC Associates Chartered Accountants).
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Right to Information (RTI)
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Not covered under RTI.
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Not covered under RTI.
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Government Oversight
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Not controlled by Parliament or CAG (Comptroller and Auditor General of India).
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Not controlled by Parliament or CAG.
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