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Power Finance Corporation Contributes Rs 200 Crore Under CSR To PM CARES Fund

By Republic On 07 April 2020
 
Power Finance Corporation Contributes Rs 200 Crore Under CSR To PM CARES Fund
 

State-owned NBFC Power Finance Corporation (PFC) is the latest company to join a growing list of firms contributing to the PM CARES fund. The company on Monday said it has pledged to contribute Rs 200 crore to the “Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the battle against COVID-19.

 

Donation under CSR

Earlier, PFC had agreed to provide financial assistance of Rs. 50 lakh to the Indian Red Cross Society in Rajasthan. Under the CSR Initiative, PFC’s financial aid will be used for the distribution of Health Masks and Sanitisers, as a part of preventive measures against COVID-19.

 

PM-CARES Fund

With India battling the Coronavirus pandemic which has ensnared the globe in a vice-like grip, Prime Minister Narendra Modi has set up a charitable trust where citizens, corporates, organisations and just about anyone else can contribute funds towards the relief effort. The PM is the Chairman of this trust. Other members of the trust include Defence Minister, Finance Minister, and Home Minister.


To know about how Indian companies are responding to COVID19, please visit our live blog here 

 
Tag : COVID19 PMCARES DisasterRelief
 
 
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