PM-CARES corpus crosses $1 billion | India News


BENGALURU: Generous donations from corporates, PSUs, various trusts and individuals helped the PM-CARES fund hit $1.4 billion (Rs 10,600 crore) mark in less than two months of its launch. The government is yet to publish the data on current corpus and the actual corpus could be much larger than this, said government sources.
Data on the Prime Minister’s Citizen Assistance and Relief in Emergency Situations, compiled by TOI from publicly available sources show that while contributions from the private sector and its employees account for 53% of contributions, the PSUs and their employees account for 42%. And the rest 5% are from politicians, celebrities, foreign entities and the common citizens of India.
A Rs 1,500-crore donation by the Tata Trusts and a Rs 1,000-crore from Azim Premji Foundation stand out among all these donations.

Foreign entities, including Russian firm Rosoboronexport, have contributed a little over Rs 16 crore; while contributions from individuals, including Baba Ramdev, Akshay Kumar and Sachin Tendulkar, total about Rs 107 crore.
Launched on March 28, PM- CARES fund has been structured to keep it separate from PM’s Relief Fund. The latter is aimed at helping a large number of people in distress in any corner of the country. PM CARES is created to extend help in initiatives related to Coronavirus pandemic only. It has already disbursed at least Rs 3,100 crore from its corpus for purchase of ventilators, to help migrant population and development of vaccine.
Contributions from high-profile individuals like the Dalai Lama, Priyanka Chopra, Manish Malhotra, Katrina Kaif also remain unknown as they chose not to disclose the amount of donations but said that they have donated.
Apart from this there could be lakhs of contributions from individual donors which include military veterans, retired officials, homemakers and others. For instance Surendra Mohan, a retired defence engineer, and his sister Aditi contributed Rs 1 crore from their lifetime savings.
In addition, there still remains a large unknown bulk of confirmed donations, where PSUs like BSNL, MSTC, NSE, BEML, Food Corporation of India and Delhi Metro Rail said they would collect a day’s salary from their employees which will be sent to PM CARES Fund. There were about 20 such announcements from PSUs.
Large contributions are also expected from entities like Paytm, PhonePe and Amazon, who said they would match the donations of customers transacting on their sites. While Patym hoped to raise Rs 500 crore in this fashion, PhonePe and Amazon hoped to raise Rs 100 crore each.



Source link

0

Leave a Reply

Your email address will not be published.

%d bloggers like this: