Ratan Tata, others join as trustees of PM CARES Fund

Prime Minister Narendra Modi has lauded the people for contributing wholeheartedly to the PM CARES Fund as he chaired its meeting which was also attended by newlynominated trustees Justice K T Thomas former deputy Lok Sabha speaker Kariya Munda and Ratan Tata the PMO said on WednesdayPM Modi chaired a meeting of the Board of Trustees of the PM CARES Fund on Tuesday during which a presentation was made on the various initiatives undertaken with the help of PM CARES Fund including the PM CARES for Children scheme which is supporting 4345 children a statement issued by the Prime Ministers Office PMO saidThe meeting was attended by PM CARES Fund trustees Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman Newly nominated trustees of the PM CARES Fund Justice Thomas former Supreme Court judge former deputy Lok Sabha speaker Munda and Tata Chairman Emeritus Tata Sons also attended the meetingThe trustees appreciated the role played by the fund at a crucial time for the country Prime Minister Modi appreciated the people of the country for contributing wholeheartedly to the PM CARES Fund the statement saidIt was discussed that PM CARES has a larger vision on effectively responding to emergency and distress situations not only through relief assistance but also taking mitigation measures and capacity building it saidThe prime minister welcomed the trustees for becoming an integral part of the PM CARES FundAlso Read Canrsquot develop cities with pollcentric approach PMThe trust also decided to nominate some eminent persons for constitution of Advisory Board to PM CARES Fund including Rajiv Mehrishi former Comptroller and Auditor General of India Sudha Murthy former Chairperson Infosys Foundation Anand Shah Cofounder of Teach for India and former CEO of Indicorps and Piramal FoundationPrime Minister Modi said the participation of new trustees and advisors will provide wider perspective to the functioning of the PM CARES Fund according to the statementHe said their vast experience of public life would impart further vigour in making the fund more responsive to various public needsThe PM CARES Fund set up to deal with emergencies such as the Covid pandemic saw its corpus grow nearly threefold to Rs 10990 crore in the 202021 fiscal while the disbursal rose to Rs 3976 crore according to the latest audited statement The disbursal included Rs 1000 crore for migrant welfare and over Rs 1392 crore for procurement of Covid vaccine dosesThe fund was set up as a public charitable trust keeping in mind the need for having a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation like posed by the COVID19 pandemic and to provide relief to the affectedThe PM CARES FUND had generated a lot of interest immediately after Prime Minister Modi announced its formation after the COVID19 outbreak and appealed for donations prompting several private firms government bodies and individuals including celebrities to donate moneyThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever