Prime Minister Narendra Modi approved the purchase of 1 lakh portable oxygen concentrators from the PM Cares Fund on Wednesday. The decision was made at a high-level meeting chaired by the Prime Minister to address the steps that need to be taken to increase Liquid Medical Oxygen (LMO) supply for COVID management. Anyone can donate to the PM CARES Fund to help with the Coronavirus pandemic relief efforts. Donations can be made in any number, starting as low as Rs 10. The payment should be made electronically or through UPI.
The PM CARES Fund is a charitable trust that is open to the public. It was established in response to the need for a dedicated fund to deal with any kind of emergency or crisis situation, such as the COVID-19 pandemic, and to provide relief to those who are affected.
If you are planning to donate some amount taking a step to contribute towards society and for people in need, here is how to do it.
What are the options for making a domestic donation to the PM CARES Fund?
Contributions can be made by following modes:-
Internet Banking (SBI and other commercial Banks)
SBI ATM/Debit Card, Other Bank Debit Cards, Credit Card, Prepaid Card, and Foreign Card Payments
Other modes of payment: SBI branch, NEFT/RTGS
UPI ID to make a donation is - pmcares@sbi
Individuals can also make contributions online at pmcares.gov.in and pmindia.gov.in, the PMO's website. Contributions can also be made via the collection banks' portals.
Furthermore, a cheque or demand draft is drawn in favor of the 'PM CARES Fund' should be submitted to the Under Secretary (Funds), PMO, South Block, New Delhi, Pin -110011, along with the donor's name, address, phone number, and email address.
How to make a donation to PM CARES Fund?
Step 1: Visit pmindia.gov.in.
Step: Click on domestic donation
Step 3: Enter all the details
Step 4: Tick the terms and conditions box
Step 5: Click on Review and Generate OTP
Step 6: Enter OTP
Step 7: Click on Proceed to DOnate
If you continue, you will be directed to an external payment portal (SBI ePAY) where you can make your donation.
Step 8: Choose the mode and payment
Step 9: Confirm the payment details
If there is an error during a bank transaction, please wait 72 hours before attempting another. After successfully completing the transaction, the donor will download a formal donation receipt from the PM CARES portal's 'Print Receipt' section.
Yes, under Section 80(G) of the Income Tax Act, 1961, all donations to the PM CARES Fund are fully tax-free for those who choose the old tax slabs. Section 80G of the Income Tax Act of 1961 allows donors to demand a tax deduction for their contributions to the fund. The Permanent Account Number (PAN) AAETP3993P has been assigned to the PM CARES Fund.
Individuals/organizations can make voluntary contributions to the PM CARES Fund, as well as contributions made as part of corporate social responsibility (CSR) by companies/public sector undertakings (PSUs).