PM-Cares Fund allocates over Rs 201 cr to boost medical oxygen supply

PM-CARES Fund allocated a sum of Rs 201.58 crore for installing 162 dedicated PSA medical oxygen generation plants in public health facilities across the country.

Daily Current Affairs Quiz 2021

The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). It was created on 27 March 2020, following the COVID-19 pandemic in India.

The fund will be used for combating, and containment and relief efforts against the coronavirus outbreak and similar pandemic like situations in the future.

Prime Minister of India, Narendra Modi, is the chairman of the fund, and trustees include the Minister of Defence, Rajnath Singh; Minister of Home Affairs, Amit Shah, and Minister of Finance, Nirmala Sitharaman, in the Government of India.

Donations to this fund will be exempted from income tax under section 80(G).