PM Modi Announces Ratan Tata as one of the Trustees of PM CARES Fund
Prime Minister Narendra Modi on Tuesday chaired the meeting of the Board of Trustees of PM CARES Fund, where he lauded people’s contribution during the time of distress. In addition, PM Modi inducted new members as trustees and advisors to the PM CARES Fund’s Board.
Today, the PMO issued an official statement about the meeting. He announced the induction of leading industrialist and TATA Sons chairman emeritus Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda as trustees of PM CARES Fund.
Additionally, the official statement mentioned former Comptroller and Auditor General of India Rajiv Mehrishi, former chairperson of Infosys Foundation Sudha Murthy, and Co-founder of Teach for India Anand Shah as members of PM CARES Fund Advisory Board.
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.https://t.co/p0FwlD7eNP pic.twitter.com/pu8CNWE6Zh
— Mint (@livemint) September 21, 2022
The meeting was attended by PM CARES Fund trustees, including Union Home Minister Amit Shah and Union Finance Minister Nirmala Sitharaman among other members.
The announcement for the new members was made official by a statement released by the Prime Minister’s Office: “The Prime Minister welcomed the trustees for becoming an integral part of the PM CARES Fund.”
With the induction of new trustees and advisors to the Board, it is anticipated that new members will provide a wider perspective on the functioning of the PM CARES Fund. In the meeting, the trustees acknowledged the contribution of the Fund, especially the PM CARES for Children scheme that supports 4,345 kids.
They added that PM CARES has a larger vision to effectively respond to emergency and distressing situations. The Fund not only provides relief assistance but takes mitigate measures for capacity building.
About PM CARES Fund
The Prime Minister’s Citizen Assistance and Relief in Emergency Situations or PM CARES Fund was formed as part of emergency relief measures during the outbreak of the Covid-19 pandemic in 2020. Prime Minister Narendra Modi is the ex-officio chairperson of the Fund, and all contributions to the Fund are exempted from income tax.
Some major initiatives of the PM CARES Fund involve PM CARES for Children, which was launched on May 29, 2021. This initiative’s primary objective was to support children who lost both parents, legal guardians, adoptive parents or surviving parents to the Covid-19 outbreak between March 11, 2020, and February 28, 2022.