The government announced on Wednesday that eminent figures, including industrialist and former chairman of TATA Sons Ratan Tata, former Supreme Court justice KT Thomas, and former deputy Lok Sabha speaker Kariya Munda, have been nominated to serve as trustees of the PM CARES Fund.
Amit Shah, the Union Home Minister, and Nirmala Sitharaman, the Union Finance Minister, both attended yesterday’s meeting of the Board of Trustees of the PM CARES Fund, which was presided over by Prime Minister Narendra Modi. The Trustees of the PM Cares Fund are Shah and Sitharaman.
Along with these three, Rajiv Mehrishi, a former chair of Infosys Foundation, Sudha Murthy, a former chair of Infosys, and Anand Shah, a co-founder of Teach for India, were also proposed for the appointment to the PM CARES Fund’s advisory board.It was mentioned that PM CARES has a bigger vision for effectively responding to emergency and distress situations, not only by providing relief assistance but also by taking precautions against them and building capacity.
The participation of new Trustees and Advisors, according to the Prime Minister, will offer broader perspectives on how the PM CARES Fund operates. The fund would become more responsive to various public needs thanks to “their vast experience in public life,” PMO continued. During the Covid-19 pandemic, the PM CARES Fund was established. The fund’s main goal is to respond to any emergency or distress situation, such as the pandemic’s threat, and to help those who are impacted.
The fund receives no budgetary support and is entirely funded by voluntary contributions from individuals and organisations.”A significant portion of the 14,000 crore that was available in the Fund was used during the Covid-19 pandemic. The precise sum was displayed during the conversation. Currently, the fund has a balance of about 8,000 crore “KT Thomas, a trustee and former SC judge, said: