On March 28th, 2020, the Prime Minister’s Office released a notification asking the people of the country and abroad to generously donate to the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ to help the government in controlling the spread of coronavirus, COVID-19. The virus has been spread to the whole world now and is declared as a pandemic by the World Health Organization (WHO). No country has been safe from this outbreak and millions of people are suffering because of it. The effect of the virus in India is very very bad and both the economy and the people are being affected by the virus.
The Prime Minister’s office has asked the people to donate in the fund so that the government can take the necessary steps to curb the further spread of the virus. A lot of individuals have been making generous donations to the funds helping the government. Infrastructure and services, like building capacities for quick emergency response and effective community resilience are required to alleviate the problem arising from the outbreak. The procurement of the latest technology devices and medical services requires funds, so the people are motivated to make donations, whether small or big, according to their capacity. The donations will be used by the government to build a system compatible to handle the emergency services aptly.
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Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund) was set up to control any kind of pandemic, epidemic or any other kind of stress arising in the country like that faced because of the outbreak of COVID-19. The chairman of the trust is the working Prime Minister of the country. The Defence Minister, Home Minister and other cabinet ministers are the working members of the trust.
The Prime Minister of India, Shri Narendra Modi, addressed and requested the public to donate in the fund and participate in the steps taken by the government to control the spread and to help the people affected by the virus. He believed that the participation shown by the public in such hard times will help the government to overcome this pandemic effectively.
Any individual can make the donation to the fund through the website of PM CARES Fund pmindia.gov.in. They can donate in the fund with the help of the following details:
- Name of the Account: PM CARES
- Account Number : 2121PM20202
- IFSC Code: SBIN0000691
- SWIFT Code : SBININBB104
- Name of Bank & Branch: State Bank of India, New Delhi Main Branch
- UPI ID: pmcares@sbi
Various Modes of Payments are Accepted by the Portal Namely:
- Debit Cards and Credit Cards
- Internet Banking
- UPI (BHIM, PhonePe, Amazon Pay, Google Pay, PayTM, Mobikwik, etc.)
- RTGS/NEFT
To attract more and more donations to the fund, exemption from tax under Section 80G 
Several section-based income tax saving tips are available in the Indian IT act. We have described all acts along with meanings that can give tax saving benefits. Read More of the Income Tax Act will be provided to the taxpayers for the donations made by them.
