The Centre on Saturday announced setting up of s public charitable trust - Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund).
The Prime Minister’s Office said the primary objective of having a dedicated national fund is to deal with any kind of emergency, such as the situation following COVID-19 outbreak, and to provide immediate relief to the affected.
The trust will be chaired by the prime minister and members include defence minister, home minister, and the finance minister The pandemic has spread across the world, upending economies and posing serious challenges to health security of millions.