COVID-19: Ministry of Finanace, Financial Institutions, and PSUs contribute Rs 430 Crore to PM Cares Fund



Quick Summary
Employees and staff from the Ministry of Finance, along with various financial institutions and Public Sector Banks/Enterprises, have contributed a total of £430.13 crore to the PM CARES Fund. This significant donation, comprising a day's salary and corporate social responsibility contributions, aims to provide assistance to those impacted by the COVID-19 pandemic. The PM CARES Fund was established in March 2020 to address emergencies and distress situations arising from the pandemic.

Officers & staff of Ministry of Finance , Financial Institutions and Public Sector Banks/Enterprises Contributes Rs 430 crore towards PM CARES Fund to combat COVID-19 outbreak

The Officers & staff of Ministry of Financeincluding the officials of financial institutions and Public Sector Banks/Enterprises under the Ministry have come forward to donate a day’s salary including under Corporate Social Responsibility (CSR) with anamount ofRs 430.13 crore to PM-CARES Fund for providing assistance to those impacted by the COVID-19 pandemic.

The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on 28 March 2020 following the COVID-19 pandemic in India. This dedicated national fund has been set up with the primary objective of dealing with any kind of emergency or distress situation as posed by the COVID-19 pandemic, and to provide relief to the affected people

The detail of donations is given below: -

(Rs.in crores)

   

S.No.

Organisation

Estimated Salary contribution

CSR/Others

TOTAL contribution

1.

Department of Economic Affairs (DEA) employees

0.15

----

0.15

Security Printing & Minting Corporation of India Ltd. (SPMCIL)

1.19

4.00

5.19

Securities and Exchange Board of India (SEBI)

              0.50

----

0.50

2.

Department of Expenditure (DoE) employees

0.09

----

0.09

3.

DFS Employees

0.07

----

0.07

SBI Employees

100.00

100.00

UCO Bank

3.95

3.95

Indian Bank

7.75

7.75

Indian Overseas bank

5.25

5.25

Punjab & Sind Bank

1.83

1.83

Punjab National Bank

11.50

CSR 19-20

3.50

15.00

Bank of Baroda

20.00

20.00

Union Bank

14.81

14.81

Bank of Maharashtra

5.00

5.00

Canara Bank

15.00

15.00

Central Bank of India

6.00

6.00

Bank of India

7.00

CSR 19-20

3.00

10.00

IFCI & Subsidiaries

0.30

CSR 20-21

 0.30

0.60

IIFCL

0.00

CSR 19-20

25.00

25.00

National Housing Bank

0.04

CSR 19-20

2.50

2.54

EXIM Bank

0.46

CSR 19-20

0.54

1.00

SIDBI

1.00

CSR 19-20

1.50

15.00

CSR 20-21

0.50

Others

12.00

IDBI Bank

3.95

0.00

3.95

Life Insurance Co.

0.00

CSR 19-20

105.00

105.00

General Insurance Co.

0.00

CSR 19-20

22.81

22.81

Oriental Insurance Co. Ltd.

0.00

CSR 20-21

10.00

10.00

New India

0.00

CSR 19-20

5.00

5.00

United Insurance

0.00

CSR 19-20

2.00

2.00

National Insurance

0.00

CSR 20-21

2.00

2.00

AICL

0.00

CSR 19-20

0.14

0.14

 

4.

Department of Revenue (DoR) employees

              2.00

----------------    

23.00

----

2.00

----------------

23.00

CBIC employees

------

CBDT employees

----

5.

G.Total

228.84

201.79

430.63

FAQ :

Officers and staff from the Ministry of Finance, including officials from financial institutions and Public Sector Banks/Enterprises under the Ministry, have contributed.

A total of £430.13 crore was donated to the PM CARES Fund.

The PM CARES Fund is a dedicated national fund created on 28 March 2020 to provide assistance to those impacted by the COVID-19 pandemic and to deal with any emergency or distress situation.

The donation included a day's salary from employees and contributions made under Corporate Social Responsibility (CSR).

Organisations like State Bank of India (£100 crore), Life Insurance Co. (£105 crore), and IIFCL (£25 crore) made substantial contributions.




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