Recently, Prime Minister, Shri Narendra Modi has announced an ex-gratia from the PMNRF for the victims of the mishap in Morbi.
About the PMNRF –
- Prime Minister’s National Relief Fund (PMNRF) was established entirely with public contributions and does not get any budgetary support.
- The corpus of the fund is invested in various forms with scheduled commercial banks and other agencies. Disbursements are made with the approval of the Prime Minister.
- PMNRF has not been constituted by the Parliament. The fund is recognised as a Trust under the Income Tax Act and the same is managed by Prime Minister or multiple delegates for national causes.
- PMNRF accepts voluntary contributions from Individuals, Organisations, Trusts, Companies and Institutions etc.
- All contributions towards PMNRF are exempt from Income Tax under section 80(G).
- The resources of the PMNRF are utilised to render immediate relief to families of those killed in natural calamities like floods, cyclones and earthquakes, etc.
- Assists partially to defray the expenses for medical treatment like heart surgery, kidney transplantation, cancer treatment of needy people and acid attack etc.