Prime Minister's National Relief Fund (PMNRF)

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Prime Minister's National Relief Fund (PMNRF) Blog Image

Overview:

Recently, Prime Minister, Shri Narendra Modi has announced an ex-gratia from the PMNRF for the victims of the mishap in Morbi.

About Prime Minister's National Relief Fund (PMNRF): 

  • Prime Minister's National Relief Fund (PMNRF) was established entirely with public contributions and does not get any budgetary support.
  • The corpus of the fund is invested in various forms with scheduled commercial banks and other agenciesDisbursements are made with the approval of the Prime Minister.
  • PMNRF has not been constituted by the Parliament. The fund is recognized as a Trust under the Income Tax Act and the same is managed by Prime Minister or multiple delegates for national causes.
  • PMNRF accepts voluntary contributions from Individuals, Organizations, Trusts, Companies and Institutions etc.
  • All contributions towards PMNRF are exempt from Income Tax under section 80(G).
  • The resources of the PMNRF are utilized to render immediate relief to families of those killed in natural calamities like floods, cyclones and earthquakes, etc.
  • Assists partially to defray the expenses for medical treatment like heart surgery, kidney transplantation, cancer treatment of needy people and acid attack etc.

 


Source : PIB