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DAILY NEWS ANALYSIS

  • 05 August, 2021

  • 3 Min Read

Prime Minister’s National Relief Fund (PMNRF)

Prime Minister’s National Relief Fund (PMNRF)

  1. PMNRF was instituted in 1948 by Jawaharlal Nehru to assist displaced persons from Pakistan.
  2. The fund is used to tackle natural calamities like floods, cyclones and earthquakes. The fund is also used to help with medical treatment like kidney transplantation, cancer treatment and acid attack.
  3. The fund consists entirely of public contributions and does not get any budgetary support. Not in CSR.
  4. It accepts voluntary contributions from Individuals, Organizations, Trusts, Companies Institutions etc.
  5. The fund is recognized as a Trust under the Income Tax Act and approval of the PM is important.
  6. Contributions towards PMNRF are notified for 100% deduction from taxable income under section 80(G) of the Income Tax Act, 1961.

Source: PIB


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