{"id":228941,"date":"2025-09-25T19:32:23","date_gmt":"2025-09-25T14:02:23","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=228941"},"modified":"2025-09-25T19:32:27","modified_gmt":"2025-09-25T14:02:27","slug":"pm-cares-fund","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/","title":{"rendered":"Prime Minister\u2019s Citizen Assistance and Relief in Emergency Situations Fund"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#Why_was_the_PM_CARES_Fund_Created\" >Why was the PM CARES Fund Created?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#How_is_the_PM_CARES_Fund_Structured\" >How is the PM CARES Fund Structured?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#What_are_the_Objectives_of_the_PM_CARES_Fund\" >What are the Objectives of the PM CARES Fund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#How_is_the_PM_CARES_Fund_Financed\" >How is the PM CARES Fund Financed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#How_does_PM_CARES_Differ_from_the_Prime_Ministers_National_Relief_Fund_PMNRF\" >How does PM CARES Differ from the Prime Minister\u2019s National Relief Fund (PMNRF)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#What_is_the_PM_CARES_for_Children_Scheme\" >What is the PM CARES for Children Scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#What_is_the_Legal_Framework_of_PM_CARES\" >What is the Legal Framework of PM CARES?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#What_are_the_Issues_and_Criticisms_of_PM_CARES_Fund\" >What are the Issues and Criticisms of PM CARES Fund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#How_can_Donations_Be_Made_to_PM_CARES\" >How can Donations Be Made to PM CARES?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#Key_Takeaway\" >Key Takeaway<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/pm-cares-fund\/#Multiple_Choice_Questions_Based_on_PM_CARES_Fund\" >Multiple Choice Questions Based on PM CARES Fund<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The <strong>Prime Minister\u2019s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)<\/strong> is a public charitable trust created by the Government of India. The PM CARES Fund was launched on <strong>28th March 2020<\/strong>, at the height of the COVID-19 pandemic.<\/p>\n\n\n\n<p>It was established to <strong>deal with emergencies, calamities, or distress situations,<\/strong> whether natural, man-made, or public health-related. The Fund provides quick and organized financial relief for disaster management, healthcare, research, and welfare activities.<\/p>\n\n\n\n<p>The fund was set up after widespread public demand for a <strong>dedicated national relief fund<\/strong> during the pandemic. Its ability to accept even <strong>micro-donations<\/strong> makes it inclusive, allowing citizens from all walks of life to contribute.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-was-the-pm-cares-fund-created\"><span class=\"ez-toc-section\" id=\"Why_was_the_PM_CARES_Fund_Created\"><\/span>Why was the PM CARES Fund Created?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The COVID-19 pandemic in 2020 highlighted the urgent need for a <strong>flexible, transparent, and responsive national relief fund<\/strong>. While the <strong>Prime Minister\u2019s National Relief Fund (PMNRF)<\/strong> already existed, PM CARES was launched with specific objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To support healthcare infrastructure and research.<\/li>\n\n\n\n<li>To provide immediate financial aid in emergencies.<\/li>\n\n\n\n<li>To allow corporate social responsibility (CSR) contributions.<\/li>\n\n\n\n<li>To enable foreign donations for relief measures.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upcoming-government-exams\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Check Upcoming Govt Exams<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-is-the-pm-cares-fund-structured\"><span class=\"ez-toc-section\" id=\"How_is_the_PM_CARES_Fund_Structured\"><\/span>How is the PM CARES Fund Structured?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>PM CARES Fund<\/strong> is registered as a <strong>Public Charitable Trust<\/strong> under the <strong>Registration Act, 1908<\/strong>. The key features of this fund are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Chairperson (Ex-officio):<\/strong> The Prime Minister of India.<\/li>\n\n\n\n<li><strong>Trustees (Ex-officio):<\/strong> Minister of Defence, Minister of Home Affairs, and Minister of Finance.<\/li>\n\n\n\n<li><strong>Nominated Trustees:<\/strong> The Prime Minister can appoint <strong>three eminent persons<\/strong> from fields such as health, science, law, social work, public administration, or philanthropy.<\/li>\n\n\n\n<li><strong>Pro bono nature:<\/strong> All trustees serve in a <strong>voluntary, unpaid capacity<\/strong>.<\/li>\n\n\n\n<li><strong>Administrative support:<\/strong> Provided by the <strong>Prime Minister\u2019s Office (PMO)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-objectives-of-the-pm-cares-fund\"><span class=\"ez-toc-section\" id=\"What_are_the_Objectives_of_the_PM_CARES_Fund\"><\/span>What are the Objectives of the PM CARES Fund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The objectives are broad yet focused on emergency assistance and long-term capacity building:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Relief during emergencies<\/li>\n\n\n\n<li>Support healthcare infrastructure<\/li>\n\n\n\n<li>Fund research<\/li>\n\n\n\n<li>Provide financial aid<\/li>\n\n\n\n<li>Undertake related activities<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-is-the-pm-cares-fund-financed\"><span class=\"ez-toc-section\" id=\"How_is_the_PM_CARES_Fund_Financed\"><\/span>How is the PM CARES Fund Financed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>PM CARES Fund is unique<\/strong> because it does not rely on government budgetary support. Instead, it is entirely financed through <strong>voluntary contributions<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Category<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td><strong>Sources of Funding<\/strong><\/td><td>&#8211; Individuals &amp; organizations (India) <br>&#8211; Corporate donations (CSR) <br>&#8211; Foreign contributions (FCRA) <br>&#8211; Small micro-donations<\/td><\/tr><tr><td><strong>Tax &amp; CSR Benefits<\/strong><\/td><td>&#8211; 100% tax exemption under Section 80G (Income Tax Act, 1961) <br>&#8211; Counted as CSR expenditure (Companies Act, 2013)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Get ready to crack government job exams with leading educators<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/courses\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Enroll in Online Live Classes Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-pm-cares-differ-from-the-prime-minister-s-national-relief-fund-pmnrf\"><span class=\"ez-toc-section\" id=\"How_does_PM_CARES_Differ_from_the_Prime_Ministers_National_Relief_Fund_PMNRF\"><\/span>How does PM CARES Differ from the Prime Minister\u2019s National Relief Fund (PMNRF)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The PM CARES Fund is often compared with the <strong>PMNRF<\/strong>, created in 1948. While both serve similar purposes, there are key differences:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>PM CARES Fund<\/strong><\/td><td><strong>PMNRF<\/strong><\/td><\/tr><tr><td><strong>Establishment<\/strong><\/td><td>March 28, 2020 (COVID-19 pandemic)<\/td><td>1948 (Partition refugee crisis)<\/td><\/tr><tr><td><strong>Audit<\/strong><\/td><td>Independent auditor chosen by trustees<\/td><td>Comptroller and Auditor General (CAG)<\/td><\/tr><tr><td><strong>Transparency<\/strong><\/td><td>Not covered under RTI<\/td><td>Audited and monitored by CAG<\/td><\/tr><tr><td><strong>Foreign Donations<\/strong><\/td><td>Allowed (FCRA exemption granted)<\/td><td>Allowed since 2011<\/td><\/tr><tr><td><strong>Purpose<\/strong><\/td><td>Any emergency or calamity, including health crises<\/td><td>Natural disasters, medical treatments, etc.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"551\" height=\"439\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/09\/pmcares-vs-pmnrf.png\" alt=\"PM CARES vs PMNRF\" class=\"wp-image-228956\" style=\"width:481px;height:auto\"\/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-pm-cares-for-children-scheme\"><span class=\"ez-toc-section\" id=\"What_is_the_PM_CARES_for_Children_Scheme\"><\/span>What is the PM CARES for Children Scheme?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On 29th May 2021, the government launched the PM CARES for Children Scheme to support children orphaned during the COVID-19 pandemic.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Benefit<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td><strong>Financial Corpus<\/strong><\/td><td>Rs. 10 lakh corpus for each child at age 23.<\/td><\/tr><tr><td><strong>Monthly Stipend<\/strong><\/td><td>Monthly stipend provided from age 18 to 23.<\/td><\/tr><tr><td><strong>Health Insurance<\/strong><\/td><td>Rs. 5 lakh coverage under Ayushman Bharat till age 18.<\/td><\/tr><tr><td><strong>Education Support<\/strong><\/td><td>&#8211; Schooling through Kendriya Vidyalayas or private schools &#8211; Scholarships and loans for higher education<\/td><\/tr><tr><td><strong>Total Beneficiaries<\/strong><\/td><td>Around 1.47 lakh children (orphans, abandoned, or those who lost one\/both parents to COVID-19).<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-legal-framework-of-pm-cares\"><span class=\"ez-toc-section\" id=\"What_is_the_Legal_Framework_of_PM_CARES\"><\/span>What is the Legal Framework of PM CARES?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The PM CARES Fund operates as a public charitable trust. Its trust deed was registered under the Registration Act, 1908, on 27th March 2020.<\/p>\n\n\n\n<p>It is not established under the Constitution of India or a specific parliamentary law, which has raised legal and transparency-related questions. Nevertheless, its registration gives it full legal recognition as a charitable trust.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-issues-and-criticisms-of-pm-cares-fund\"><span class=\"ez-toc-section\" id=\"What_are_the_Issues_and_Criticisms_of_PM_CARES_Fund\"><\/span>What are the Issues and Criticisms of PM CARES Fund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Despite its noble objectives, the PM CARES Fund has faced criticism from opposition parties, civil society groups, and analysts.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Need for a new fund:<\/strong> Critics question why PM CARES was created when PMNRF already exists.<\/li>\n\n\n\n<li><strong>Transparency:<\/strong> Since the Fund is not under the RTI Act or audited by CAG, accountability is questioned.<\/li>\n\n\n\n<li><strong>Use of official symbols:<\/strong> Critics argue about the use of \u201cPrime Minister,\u201d the emblem, and the gov.in domain for a non-statutory trust.<\/li>\n\n\n\n<li><strong>Foreign donations:<\/strong> The acceptance of international contributions contradicts past government stances.<\/li>\n\n\n\n<li><strong>Audit independence:<\/strong> The auditor is appointed by trustees, not by a constitutional body.<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/test-series\/?ref=contac-ai\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt a free mock test Now!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-donations-be-made-to-pm-cares\"><span class=\"ez-toc-section\" id=\"How_can_Donations_Be_Made_to_PM_CARES\"><\/span>How can Donations Be Made to PM CARES?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Domestic and international donations are accepted through:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Online banking portals (SBI and others).<\/li>\n\n\n\n<li>Credit\/debit cards, UPI, and net banking.<\/li>\n\n\n\n<li>NEFT\/RTGS transfers.<\/li>\n\n\n\n<li>Cheques\/demand drafts sent to the PMO.<\/li>\n\n\n\n<li>Dedicated websites: pmcares.gov.in and pmindia.gov.in.<\/li>\n<\/ul>\n\n\n\n<p>No transaction charges are levied by the Fund itself, though banks may charge service fees.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaway\"><span class=\"ez-toc-section\" id=\"Key_Takeaway\"><\/span>Key Takeaway<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Aspect<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td><strong>Full Form<\/strong><\/td><td>Prime Minister\u2019s Citizen Assistance and Relief in Emergency Situations<\/td><\/tr><tr><td><strong>Established<\/strong><\/td><td>28th March 2020<\/td><\/tr><tr><td><strong>Legal Status<\/strong><\/td><td>Public Charitable Trust (Registered under Registration Act, 1908)<\/td><\/tr><tr><td><strong>Chairperson<\/strong><\/td><td>Prime Minister of India<\/td><\/tr><tr><td><strong>Trustees<\/strong><\/td><td>Defence, Home Affairs, Finance Ministers (ex-officio)<\/td><\/tr><tr><td><strong>Funding Sources<\/strong><\/td><td>Voluntary contributions, CSR, foreign donations<\/td><\/tr><tr><td><strong>Tax Benefits<\/strong><\/td><td>100% exemption under Section 80G, CSR eligibility<\/td><\/tr><tr><td><strong>Auditing<\/strong><\/td><td>Independent auditor (not CAG)<\/td><\/tr><tr><td><strong>Key Scheme<\/strong><\/td><td>PM CARES for Children (2021)<\/td><\/tr><tr><td><strong>Controversies<\/strong><\/td><td>Transparency, RTI exclusion, duplication with PMNRF<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Also Read:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Government Schemes<\/strong><\/td><td><strong>Government Schemes<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/one-nation-one-subscription-onos\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">One Nation One Subscription<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/ayushman-bharat-scheme\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Ayushman Bharat Scheme<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/aatmanirbharta-in-pulses\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Aatmanirbharta in Pulses<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/national-broadband-mission-2-0\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">National Broadband Mission 2.0<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/pm-dhan-dhaanya-krishi-yojana-pmddky\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Pradhan Mantri Dhan Krishi Yojana<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/stand-up-india-scheme\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Stand Up India Scheme<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/gst-2-0\/?ref=contc-aib\" target=\"_blank\" rel=\"noreferrer noopener\">All About GST 2.0<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/green-credit-program-earn-rewards-for-a-greener-world\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">National Green Credit Programme<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-multiple-choice-questions-based-on-pm-cares-fund\"><span class=\"ez-toc-section\" id=\"Multiple_Choice_Questions_Based_on_PM_CARES_Fund\"><\/span>Multiple Choice Questions Based on PM CARES Fund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Q1. When was the PM CARES Fund established?<\/strong><br>a) January 2020<br>b) March 28, 2020<br>c) April 1, 2021<br>d) August 2019<br>e) March 27, 2020<\/p>\n\n\n\n<p>Correct Answer: <strong>b) March 28, 2020<\/strong><\/p>\n\n\n\n<p><strong>Q2. Under which Act was the PM CARES Fund registered?<\/strong><br>a) Indian Trusts Act, 1882<br>b) Companies Act, 2013<br>c) Registration Act, 1908<br>d) Income Tax Act, 1961<br>e) Charitable Trust Act, 1920<\/p>\n\n\n\n<p>Correct Answer: <strong>c) Registration Act, 1908<\/strong><\/p>\n\n\n\n<p><strong>Q3. Who is the ex-officio Chairman of the PM CARES Fund?<\/strong><br>a) President of India<br>b) Prime Minister of India<br>c) Finance Minister<br>d) Home Minister<br>e) Vice President of India<\/p>\n\n\n\n<p>Correct Answer: <strong>b) Prime Minister of India<\/strong><\/p>\n\n\n\n<p><strong>Q4. Which ministers are ex-officio trustees of the PM CARES Fund?<\/strong><br>a) Finance, Defence, Education<br>b) Defence, Home Affairs, Finance<br>c) Home Affairs, Railways, Health<br>d) Defence, External Affairs, Finance<br>e) None of the above<\/p>\n\n\n\n<p>Correct Answer: <strong>b) Defence, Home Affairs, Finance<\/strong><\/p>\n\n\n\n<p><strong>Q5. Which of the following benefits do PM CARES donors get?<\/strong><br>a) 50% tax exemption under Section 80G<br>b) 100% tax exemption under Section 80G<br>c) No tax exemption<br>d) Tax exemption under GST Act<br>e) Exemption only for corporates<\/p>\n\n\n\n<p>Correct Answer: <strong>b) 100% tax exemption under Section 80G<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/previous-year-papers\/?ref=contac-ai\" target=\"_blank\" rel=\"noreferrer noopener\">Solve Free Previous Year Papers Today!<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Q6. Which scheme under PM CARES supports children orphaned by COVID-19?<\/strong><br>a) Bal Swaraj Scheme<br>b) PM CARES for Children Scheme<br>c) Ayushman Bharat Yuva<br>d) PM Jan Kalyan Scheme<br>e) PM Vikas Yojana<\/p>\n\n\n\n<p>Correct Answer: <strong>b) PM CARES for Children Scheme<\/strong><\/p>\n\n\n\n<p><strong>Q7. How much corpus is given to each child under PM CARES for Children?<\/strong><br>a) Rs. 5 lakh<br>b) Rs. 7 lakh<br>c) Rs. 10 lakh<br>d) Rs. 15 lakh<br>e) Rs. 20 lakh<\/p>\n\n\n\n<p>Correct Answer: <strong>c) Rs. 10 lakh<\/strong><\/p>\n\n\n\n<p><strong>Q8. Which of the following funds existed before PM CARES?<\/strong><br>a) PMNRF<br>b) CM Relief Fund<br>c) NDRF<br>d) All of the above<br>e) None<\/p>\n\n\n\n<p>Correct Answer: <strong>d) All of the above<\/strong><\/p>\n\n\n\n<p><strong>Q9. Who audits the PM CARES Fund?<\/strong><br>a) CAG of India<br>b) Parliament\u2019s Public Accounts Committee<br>c) Independent auditor appointed by trustees<br>d) RBI<br>e) Ministry of Finance<\/p>\n\n\n\n<p>Correct Answer: <strong>c) Independent auditor appointed by trustees<\/strong><\/p>\n\n\n\n<p><strong>Q10. Which of the following is NOT a criticism of PM CARES Fund?<\/strong><br>a) Not under RTI Act<br>b) Not audited by CAG<br>c) Cannot accept foreign donations<br>d) Duplication of PMNRF<br>e) Transparency concerns<\/p>\n\n\n\n<p>Correct Answer: <strong>c) Cannot accept foreign donations<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/how-to-clear-multiple-government-exams\/\">How Some Aspirants Clear Multiple Government Exams: Strategy, Discipline &amp; Exam Psychology<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/crop-diversification-program\/\">Crop Diversification Program, Transforming Indian Agriculture<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" 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created<\/p>\n","protected":false},"author":58,"featured_media":229388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14458,11544],"tags":[],"class_list":["post-228941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government-scheme","category-static-gk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prime Minister\u2019s Citizen Assistance and Relief in Emergency Situations Fund<\/title>\n<meta name=\"description\" content=\"Explore the details of the PM CARES Fund, a vital initiative by the Government of India providing relief during emergencies and disasters.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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