COVID-19: ICAI Pledges to contribute Rs 21 crores to PM Cares Fund & PMNRF

NEW DELHI: Institute of Chartered Accountants of India, ICAI has pledged to contribute a sum of Rs 21 crores to PM Cares Fund and PMNRF. In the current times the world is facing the COVID-19 outbreak which has been recognized as a global pandemic.

ICAI had also appealed to its one million strong students and member community to actively participate in the national effort to fight against this epidemic and also donate generously for the cause. ICAI endeavours to collect Rs 6 crores through voluntary contributions, out of which Rs 1.72 crores has been deposited in PMNRF on March 31, 2020 as first contribution by ICAI Membership, students and Officials. The balance Rs 4.28 crores will be deposited in the newly constituted PM CARES Fund by April 20, 2020.

Further, responding to the clarion call made by the Hon’ble Prime Minister and also pursuant to the appeal made by Ministry of Corporate Affairs, the Central Council of ICAI has decided to additionally contribute Rs. 15 crore from ICAI towards the PM CARES Fund.

Thus, the total direct financial contribution of ICAI will be Rs 21 crores in addition to the financial and community support extended by ICAI member and student community at an individual level.

In the times of any crisis confronting the nation & towards its welfare, the Institute has always made generous contribution and supported the national cause. ICAI has always been aware of its professional & social responsibility and time & again has risen to the occasion and reached out with the mission to help and support.

About ICAI

The Institute of Chartered Accountants of India (ICAI) since its establishment in 1949 through a Legislative Fiat is working assiduously over 70 years, continuously supporting various initiatives of Government.