COVER STORY
FREQUENTLY ASKED QUESTIONS ON
PM CARES FUND
Q.1 What is PM CARES Fund?
PM CARES Fund is a public charitable trust. It has been set
up keeping in mind the need for having a dedicated fund
with the primary objective of dealing with any kind of
emergency or distress situation, like posed by the COVID-19
pandemic, and to provide relief to the affected.
Q.2 Who are the Trustees of the PM CARES Fund?
The Prime Minister is Chairperson (ex-officio) of the PM
CARES Fund and Minister of Defence, Minister of Home
Affairs and Minister of Finance, Government of India are exofficio
Trustees of the Fund.The Prime Ministers as the
Chairperson of the Board of Trustees of PM CARES Fund has
the power to nominate three trustees to the Board who shall
be eminent persons in the field of research, health, science,
social work, law, public administration and philanthropy. All
the Trustees of the PM CARES Fund act in a pro bono
capacity.
Q.3 What are the Objectives of the PM CARES Fund
Trust?
The primary objectives of the PM CARES Fund Trust are:-To
undertake and support relief or assistance of any kind
relating to a public health emergency or any other kind of
emergency, calamity or distress, either man-made or natural,
including the creation or upgradation of healthcare or
pharmaceutical facilities, other necessary infrastructure,
funding relevant research or any other type of support.To
render financial assistance, provide grants of payments of
money or take such other steps as may be deemed
necessary by the Board of Trustees to assist the affected
population.To undertake any other activity, which is not
inconsistent with the above Objects.
Q.4 What is the legal framework
of PM CARES Fund?
PM CARES Fund has been registered as a
Public Charitable Trust. The trust deed of PM
CARES Fund has been registered under the
Registration Act, 1908 at New Delhi on 27th
March, 2020.
Q.5 What are the responsibilities
of the Trustees?
A. The Trustees are responsible for the
following:Fulfilling the objects of the Trust;
B. Managing the contribution process to
ensure proper application of the Trust
property;
C. Preparing and submitting all filings,
accounts and returns as required under
applicable law.
Q.6 How is the PM CARES Fund
administered?
The fund is administered on an honorary
basis by a Joint Secretary (Administration) in
the PMO as Secretary to the fund, who is
assisted on honorary basis by an Officer of
the rank of Director/Deputy Secretary
(Administration) in the PMO. The Prime
Minister’s Office provides such administrative
and secretarial support to the Trustees for the
management and administration of the Trust,
as may be required by the Trustees.
Q.7 How is the PM CARES Fund
administered?
The fund is administered on an honorary
basis by a Joint Secretary (Administration) in
the PMO as Secretary to the fund,
who is assisted on honorary basis by an
Officer of the rank of Director/Deputy
Secretary (Administration) in the PMO. The
Prime Minister’s Office provides such
administrative and secretarial support to the
Trustees for the management and
administration of the Trust, as may be
required by the Trustees.
Q.8 Does PM CARES Fund have a
Permanent Account Number
(PAN)?
Yes, PM CARES Fund has been allotted a
Permanent Account Number (PAN)
AAETP3993P.
Q.9 How much money has been
sanctioned from PM CARES Fund?
So far, an amount of Rs. 3100 Crore has
been allocated from PM CARES Fund for the
following activities:-Rs. 2000 Crore : For
supply of 50,000 ‘Made-in India’ ventilators
to Government Hospitals run by
Centre/States/UTsRs. 1000 Crore : For care
of migrant labourers (funds allotted to
State/UT Govts.)Rs. 100 Crore : For vaccine
development
Q.10 Is there any transaction
charge for online payment?
There is no transaction charge levied by PM
CARES Fund for online payment. However
some banks may levy the net-banking
transaction charges, which may vary from
bank to bank.
TSP TIMES | AUGUST 2020 | 5