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Thursday, 14 May 2020

How PM-CARES Fund is different from the Prime Minister’s National Relief Fund?

PM-CARES or  Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund has been newly introduced to receive fund from individuals and corporate to deal with COVID 19 pandemics in India. But, Prime Minister’s National Relief Fund (PMNRF) is already existed. In this article, we will find out the difference between the two.





Difference between PM-CARES vs PMNRF

PMNRF was first introduced in January, 1948.  Initially, it was set up to receive public donation to help the partition refugees. Later, it is used to provide assistance to the families who are victims of natural disaster, accident, acid attacks etc.
PM-CARES was set up on March 28, 2020. This is introduced to take care of the situation rising due to the spread of COVID19. 


PMNRF was initially managed by the Prime Minister and his deputy, the Finance Minister, the Congress President, a representative of the Tata Trustees and an industry representative. But, later, management was assigned to prime minister only.
PM-CARES is also managed by prime minister and he can assign three persons to the board of trustee. Currently, the Ministers of Defence, Home Affairs and Finance are ex-officio Trustees of the Fund.

Conclusion

We have seen the difference between the PM-CARES  and PMNRF. There exist some controversy as well in both the fund system. In case of PMNRF, the uses of the fund as collection and expenditure is published, but without any break up in the expenditure. The details expenditure for PM-CARES is also not provided, as of now.

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