Power Finance Corporation Ltd (PFC), leading NBFC and the central PSU under Ministry of Power , 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. The amount would be part of Rs 925 Cr.which is committed collectively by all PSUs under Ministry of Power and Ministry of New & Renewable Energy. 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.