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The government has set up the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to deal with any kind of emergency or distress situation like posed by the Covid-19 pandemic.
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The Fund is a public charitable trust with the Prime Minister as its Chairman.
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Other Members include Defence Minister, Home Minister and Finance Minister.
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The Fund enables micro-donations as a result of which a large number of people will be able to contribute with the smallest of denominations.
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It will strengthen disaster management capacities and encourage research on protecting citizens.
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Contribution to PM – CARES Fund Qualifies as CSR (Corporate Social Responsibility) Expenditure.