Veteran industrialist Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda have been nominated as trustees of the PM CARES Fund.

 Prime Minister Narendra Modi chaired a meeting of the Board of Trustees of the PM CARES Fund

The trust further decided to nominate other eminent persons for the constitution of the Advisory Board to the PM CARES Fund.

These eminent personalities included: Rajiv Mehrishi, Former Comptroller and Auditor General of India; Sudha Murthy, Former Chairperson, Infosys Foundation, and Anand Shah

The PM CARES Fund was created during the Covid-19 pandemic. The primary objective of the fund is to deal with any kind of emergency or distress situation

The fund consists entirely of voluntary contributions from individuals/organizations and does not get any budgetary support.

The PM CARES Fund collected Rs 7,014 crore in 2020-21 and Rs 3,076 crore in 2019-20. Till 2020-21,

Contributions to PM CARES Fund by companies are eligible to be considered CSR spending.

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