PM CARES Fund: Initial Corpus Of Rs 2.25 Lakhs Given By PM Modi, Received Rs 3,076.62 Cr In 5 Days Voluntarily

The PM CARES Fund started to tackle emergency situations like COVID 19 received an initial corpus of Rs 2.25 Lakhs by PM Modi and within 5 days the fund received Rs 3,076.62 Crore as voluntary contributions,

New Delhi: The PM CARES Fund, set up in March to deal with the COVID-19 pandemic and as per reports, Prime Minister Narendra Modi had contributed Rs 2.25 lakh towards the initial corpus of the emergency fund. According to a report by ET, the annual audited statement of the PM CARES for 2019-20 mentioned an initial corpus of Rs 2.25 lakh and voluntary contributions of Rs 3,076 crore within five days of it being set up. “PM Modi has a long legacy of contributing to public causes. The initial corpus of Rs 2.25 lakh for PM CARES was donated by PM," said an official quoted by ET. Also Read|Twitter Account Of PM Narendra Modi's Personal Website Hacked The PM CARES Fund started on March 27 received Rs 3,076.62 crore in just five days of its formation, as per an account statement made public by the fund on Wednesday. The ‘receipt and payment account’ showed nearly Rs 3,075.85 crore as ‘voluntary contributions’, while Rs 39.67 lakh came as foreign contributions. It put the fund’s closing balance as on March 31, 2020, at Rs 3,076.62 crore, after including interest income and deducting service tax on forex conversion. The fund started with an initial corpus as per the account statement posted on the fund’s official website. It also referred to “accompanying notes to the financial statements”, but those were not made public on the website. PM Modi had earlier donated Rs 21 lakh from his personal savings to the corpus of the fund for the welfare of sanitation workers of Kumbh Mela in 2019. He had also donated the entire Rs 1.3 crore he received with the Seoul Peace Prize in South Korea for the Namami Gange project. He then wrote to the finance minister saying the tax exemption given for this prize money should be withdrawn. As per the assets declaration by Modi last year, he had total assets worth Rs 2.49 crore, including Rs 1.27 crore in a fixed deposit with an SBI branch in Gandhinagar and a house in Gandhinagar worth Rs 1.10 crore. Also Watch:Initial corpus of Rs 2.25 lakhs given by PM Modi in PM CARES fund