PM CARES Fund launched: Akshay Kumar pledges Rs 25 cr, you can also donate to fight Coronavirus

Among the first to pledge donation on PM CARES Fund were actor Akshay Kumar and cricketer Suresh Raina. Akshay Kumar pledged to donate Rs 25 crores while Raina donated Rs 52 lakhs.

Written by March 28, 2020 21:24

New Delhi: With coronavirus posing severe health and economic ramifications, the Modi government today set up — PM CARES Fund to deal with emergency situation posed by COVID-19.

Narendra Modi

Taking to Twitter on Saturday, PM Modi said: “People from all walks of life expressed their desire to donate to India’s war against COVID-19. Respecting that spirit, the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund has been constituted. This will go a long way in creating a healthier India.”

In another tweet, PM Modi also made an appeal to citizens to contribute to the emergency fund.

Akshay Kumar donates Rs 25 crore to PM CARES Fund

Among the first to pledge a donation on Twitter were actor Akshay Kumar and cricketer Suresh Raina.

The Prime Minister is the chairman of the trust and its members include Defence Minister, Home Minister and Finance Minister. This fund will enable micro-donations as a result of which a large number of people will be able to contribute with the smallest of denominations.

Donations exempt from Income tax, see how you can donate

The release said that citizens and organisations can go to the website and donate to PM CARES Fund using the following details.

It said the donations to this fund will be exempted from Income Tax under Section 80(G). People have been urged to generously donate to the fund.

How to contribute to PM CARES Fund

Name of the Account: PM CARES; Account Number: 2121PM20202; IFSC Code: SBIN0000691, SWIFT Code: SBININBB104; Name of Bank and Branch: State Bank of India, New Delhi Main Branch; UPI ID: [email protected]

The release said that modes of payments available on the website include debit cards and credit cards, internet banking, UPI (BHIM, PhonePe, Amazon Pay, Google Pay, PayTM, Mobikwik, etc.), RTGS or NEFT.