NEW DELHI: The government has appointed Ratan Tata, Chairman Emeritus of Tata Sons, as one of the trustees of the PM Cares Fund, and Sudha Murthy, former chairperson of the Infosys Foundation, to its advisory board.
On Wednesday, the new trustees attended a meeting presided over by Prime Minister Narendra Modi. The Prime Minister reviewed initiatives funded by the PM CARES Fund. It was discussed during the meeting that PM CARES has a larger vision of “effectively responding to emergency and distress situations, not only through relief assistance, but also through mitigation measures and capacity building.”
A presentation was also given on the various initiatives carried out with the assistance of the PM CARES Fund, including the Children scheme, which currently supports 4,345 children. Apart from Ratan Tata, the Fund’s trustees include former Supreme Court judge Justice KT Thomas and former Member of Parliament Kariya Munda.
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Former Comptroller and Auditor General of India Rajiv Mehrishi and Anand Shah, co-founder of Teach or India and former CEO of Indicorps and Piramal Foundation, have also been named to the advisory board.
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In 2020-21, the PM CARES Fund collected Rs 7,014 crore, and in 2019-20, it collected Rs 3,076 crore. Almost Rs 4,000 crore has been allocated for the procurement of Covid-19 vaccines, ventilators, oxygen cylinders, and other items until 2020-21. Contributions to the PM CARES Fund by businesses qualify as CSR spending.