The Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India, the three Professional Institutes under the Ministry of Corporate Affairs, have come forward to donate an amount of ₹ 28.80 crore to PM-CARES Fund for providing assistance to those impacted by the COVID-19 pandemic.

The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on 28^th March 2020 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.

(Rs. in crore)

S. No.	ORGANIZATION	CONTRIBUTION FROM INSTITUTE	MEMBERS/STAFF  CONTRIBUTION	TOTAL
1	The Institute of Chartered Accountants of India	15.00	6.00	21.00
2	Institute of Company Secretaries of India	5.00	0.25	5.25
3	Institute of Cost Accountants of India	2.50	0.05	2.55
Total		22.50	6.30	28.80

 

PM CARES Fund contributions by professional institutes support emergency COVID-19 relief efforts through member and staff donations. Contribution to the PM CARES Fund for COVID 19 relief by three central professional institutes is recorded, with aggregate donations made by the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and the Institute of Cost Accountants of India, comprising institute-level and member/staff contributions to provide assistance in emergency or distress situations arising from the COVID 19 pandemic.