Former Tata Group chairman Ratan Tata on Wednesday was appointed as one of the trustees of PM CARES Fund. Former Justice KT Thomas and former deputy Lok Sabha speaker Kariya Munda are also newly appointed trustees. The 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)' was set up to deal with any kind of emergency or distress situation.
Recently, Modi has lauded the people for contributing wholeheartedly to the PM CARES Fund. Modi chaired a meeting of the Board of Trustees of the PM CARES Fund during which a presentation was made on the various initiatives undertaken with the help of PM CARES Fund, including the PM CARES for Children scheme which is supporting 4,345 children, a statement was issued by the Prime Minister's Office (PMO) said.
The trustees appreciated the role played by the fund at a crucial time. It was discussed that PM CARES has a larger vision of effectively responding to emergency and distress situations, not only through relief assistance, but also by taking mitigation measures and capacity building, it said.
The trust also decided to nominate some eminent persons for the constitution of the Advisory Board to PM CARES Fund, including Rajiv Mehrishi, former Comptroller and Auditor General of India; Sudha Murthy, former Chairperson, Infosys Foundation; Anand Shah, Co-founder of Teach for India and former CEO of Indicorps and Piramal Foundation.
The PM CARES for Children Scheme was launched on May 29, 2021, for the children. It aims to support children who have lost both their parents or legal guardians or adoptive parents or surviving parents to the COVID-19 pandemic during the period starting from March 11, 2020.
The PM CARES Fund, set up to deal with emergencies such as the Covid pandemic, saw its corpus grow nearly three-fold to Rs 10,990 crore in the 2020-21 fiscal, while the disbursal rose to Rs 3,976 crore, according to the latest audited statement. The disbursal included Rs 1,000 crore for migrant welfare and over Rs 1,392 crore for procurement of COVID-19 vaccine doses.
With inputs from PTI
First Published: Sept 21, 2022 12:48 PM IST
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