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COVID-19: PFC pledges Rs 200 cr to PM CARES Fund

Power Finance Corporation (PFC) has contributed Rs 200 crore under CSR to “PM CARES Fund” in fight against Coronavirus (COVID-19)
New Delhi: Power Finance Corporation Limited (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 Coronavirus (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 corporate social responsibility (CSR) initiative, PFC’s financial aid will be used for the 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. Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.