ICAI, ICSI and ICMAI contribute Rs 28.80 crore towards PM CARES Fund to combat COVID-19 Outbreak
SARC – COVD 19 – ICAI – PM CARES Fund – Taxscan
SARC – COVD 19 – ICAI – PM CARES Fund – Taxscan
The Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants of India, the three Professional Institutes under the Ministry of Corporate Affairs, has come forward to donate an amount of Rs 28.80 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 28th 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 details of donations are as below: -
(Rs. in crore)
| S.No. | ORGANIZATION | CONTRIBUTION FROM INSTITUTE | MEMBERS/STAFF CONTRIBUTION | TOTAL |
| 1 | The Institute of Chartered Accountants of India | 15.00 | 6.00 | 21.00 |
| 2 | Institute of Company Secretaries of India | 5.00 | 0.25 | 5.25 |
| 3 | Institute of Cost Accountants of India | 2.50 | 0.05 | 2.55 |
| Total | 22.50 | 6.30 | 28.80 |
