Coronavirus in India: Power Finance Corporation contributes Rs 200 crore to PM-CARES Fund

Coronavirus in India: Power Finance Corporation contributes Rs 200 crore to PM-CARES Fund

FPJ Web DeskUpdated: Tuesday, March 31, 2020, 04:35 PM IST
article-image
Representational Image |

The Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has pledged to contribute Rs 200 crore to the “Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the battle against COVID-19.

Furthermore, PFC’s employees will voluntarily contribute a day’s salary to ‘PM-CARES Fund’ to further strengthen the nation’s fight against the dreaded disease.

Earlier, PFC had agreed to provide financial assistance of Rs. 50 lakh to Indian Red Cross Society in Rajasthan. Under the CSR Initiative, PFC’s financial aid will be used for distribution of Health Masks and Sanitisers, as a part of preventive measures against COVID-19.

"PFC and its employees remain vigilant and alert in these testing times and stand in solidarity with the society at this crucial juncture. As a responsible corporate, PFC is relentlessly working towards implementation of all precautionary measures to deal with the pandemic," a company spokesperson said.

RECENT STORIES

Union Budget 2026: Experts Call For Growth Push, SME Booster And Infrastructure Focus
Union Budget 2026: Experts Call For Growth Push, SME Booster And Infrastructure Focus
Budget 2026: Sunday Trading Returns After 27 Years As Markets Open For Only 2nd Time
Budget 2026: Sunday Trading Returns After 27 Years As Markets Open For Only 2nd Time
Gold Crashes ₹14,000, Silver Slumps ₹20,000 In A Day As Profit-Taking, Strong Dollar Hit Bullion
Gold Crashes ₹14,000, Silver Slumps ₹20,000 In A Day As Profit-Taking, Strong Dollar Hit Bullion
India’s Hotel Industry Earnings Seen Growing 16–21 Per Cent Through FY28 On Strong Demand:...
India’s Hotel Industry Earnings Seen Growing 16–21 Per Cent Through FY28 On Strong Demand:...
India’s Fiscal Deficit Touches 54.5 Per Cent Of Full-Year Target In April–December Period
India’s Fiscal Deficit Touches 54.5 Per Cent Of Full-Year Target In April–December Period