PMNRF fund

The readers of the newspaper “Dainik Savera Times” have contributed rupees 2 Crore towards the Prime Minister Nation Relief Fund (PMNRF).

PMNRF:

  • In pursuance of an appeal by the then Prime Minister, Pt. Jawaharlal Nehru in January, 1948, the Prime Minister’s National Relief Fund (PMNRF) was established with public contributions to assist displaced persons from Pakistan.
    The resources of the PMNRF are now utilized primarily to render immediate relief to families of those killed in natural calamities like floods, cyclones and earthquakes, etc. and to the victims of the major accidents and riots.
  • Assistance from PMNRF is also rendered, to partially defray the expenses for medical treatment like heart surgeries, kidney transplantation, cancer treatment, etc.

Some facts:

  • The fund consists entirely of public contributions and does not get any budgetary support.
  • The corpus of the fund is invested with banks in fixed deposits.
  • Disbursements 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 is exempt under Income Tax Act.
  • Prime Minister is the Chairman of PMNRF and is assisted by Officers/ Staff on honorary basis.
  • These contributions also qualify as CSR (corporate social responsibility) spend for companies, making it more attractive in terms of tax exemptions.

Type of contributions accepted in PMNRF:

  • PMNRF accepts only voluntary donations by individuals and institutions.
  • Contributions flowing out of budgetary sources of Government or from the balance sheets of the public sector undertakings are not accepted.
  • At the time of natural calamity of devastating scale, Prime Minister, makes an appeal for donation to the fund.

Revival:

  • In its effort to popularise the PMNRF, the PMO had in September 2014 asked the government departments to publicise the scheme of 100% tax exemption for contributions to the PMNRF, to encourage donations.

Sources: The Hindu, PMNRF.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s