The Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund Trust is allocating Rs.201.58 crores for installation of additional 162 dedicated Pressure Swing Adsorption (PSA) Medical Oxygen Generation Plants inside public health facilities in the country.
The total project cost includes Rs.137.33 crores towards supply and commissioning of the plants and Management fee of Central Medical Supply Store (CMSS) and around Rs.64.25 crores towards Comprehensive Annual Maintenance Contract.
The procurement will be done by the Central Medical Supply Store (CMSS) – an autonomous body of Ministry of Health and Family Welfare.
A total of 162 plants with total capacity of 154.19 MT are to be installed in 32 States/UTs [Annexure-I].
The Govt. hospitals where these plants are to be installed have been identified in consultation with the States/UTs concerned.
The plants have a warranty for first 3 years. For the next 7 years, the project includes CAMC (Comprehensive Annual Maintenance Contract).
Routine O&M is to be done by the hospitals/States. After the CAMC period, entire O&M will be borne by the hospitals/States.
This mechanism will further strengthen public health system and enable long term systematic augmentation of medical oxygen availability in a cost effective manner. Adequate and uninterrupted supply of oxygen is an essential pre-requisite for managing moderate and severe cases of COVID -19, in addition to various other medical conditions where this need arises. Installation of PSA Oxygen Concentrator Plants in public health facilities is an important step to reduce the health facility’s dependence on the system of store and supply and to enable these facilities to have their own oxygen generation capacity. This will not only increase the total oxygen availability pool of the States/UTs, but also facilitate providing of oxygen support in timely manner to patients in these public health facilities.
The PM CARES Fund was registered on March 27 as a public charitable trust, and announced through a press release issued by the PMO on Saturday, March 28.
Earlier, in May 2020, PM-CARES Fund has allocated Rs. 3,100 crore to the fight against the COVID-19 pandemic. Out of this Rs. 3,100 crore, Rs. 2,000 crore was used towards ventilators, Rs. 1,000 crore towards migrants, and Rs. 100 crore towards vaccine development.
Income Tax Deduction and CSR benefits for Contribution to PM CARES Fund
The Income Tax Act, 1961 was amended on March 31, 2020, vide Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 to provide for 100% deduction from the gross total income of the taxpayer for making a donation to the PM CARES Fund.
Before that Ministry of Corporate Affairs (MCA) issued an Office Memorandum dated 28.03.2020 to state that the Government of India had set up the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation such as that posed by COVID 19 pandemic.
It further stated that the PM-CARES Fund had been set up to provide relief to those affected by any kind of emergency or distress situation. Accordingly, it is clarified that any contribution made to the PM CARES Fund shall qualify as CSR expenditure under the Companies Act 2013.
On May 27, 2020, MCA amended Schedule VII of the Companies Act, 2013 and inserted the PM CARES Fund into the list as an eligible fund for CSR activities in item serial No. (viii) of Schedule VII after the Prime Minister's National Relief Fund (PMNRF). This amendment has been given retrospective effect from March 28, 2020.
Annexure-I
State/UT-wise distribution of number of PSA O2 Concentrator Plants
Read More on PM CARES FUND
Donation to PM CARES Fund to fight COVID-19
Deduction under section 80G for Donation to PM CARES Fund
Donation to PM CARES FUND and CM Relief Fund qualifies for CSR Expenditure Amid COVID-19
How to Contribute to PM CARES FUND
PM CARES FUND allocates Rs. 3100 Crore for COVID-19 Relief
MCA Notifies PM CARES FUND as eligible for CSR Expenditure in Schedule VII of Companies Act, 2013
0 Comments