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Business Economy


Employees of Ministry of Finance, institutions, PSUs contribute Rs 430 crore for Corona

Employees of Ministry of Finance, institutions, PSUs contribute Rs 430 crore for Corona

New Delhi, Apr 5 (UNI) The Officers and staff of Ministry of Finance, including the officials of financial institutions and Public Sector Banks and Enterprises under the Ministry have come forward to donate a day’s salary including under Corporate Social Responsibility with an amount of Rs 430.13 crore to PM-CARES Fund for providing assistance to those impacted by the COVID-19 pandemic.

This amount includes contribution of Rs 100 crore from employees of SBI, Rs 15 crore rom Punjab National Bank, Rs 105 crore from Life Insurance Corporation and Rs 25 crore from India Infrastructure Finance Company Limited(IIFCL).

The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on March 28 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, according to finance ministry statement on Sunday.

UNI RSA SHK1844

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