National Defence Fund

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National Defence Fund is an Indian Government institution, set up in the year 1962 to receive voluntary donations for the promotion and welfare of the members of the Indian Armed Forces (including paramilitary forces) and their dependents. Members of the executive committee include the Prime Minister of India as chairperson, Home Minister, Defence Minister and Finance Minister—Treasurer. [1] [2] [3] Donations to the National Defence Fund are 100% tax exempt. [4] [5] Donations can be made through an online government portal also. [6]

Contents

Income and expenditure

The income and expenditure of the National Defence Fund for the period 2013 to 2019 is as follows (in crore rupees): [7] [8]

YearExpenditureReceiptsBalance
31.03.20135.7276.69941.50
31.03.201461.9980.68956.85
31.03.201533.9884.721007.59
31.03.201646.8683.531044.26
31.03.201730.2082.021096.08
31.03.201864.7583.851115.18
31.03.201917.49103.851200.97

Notable contributions

The Nizam invested 4.25 lakh grams (425 kg) of gold in the National Defence Gold Scheme, floated in October 1965 with a generous 6.5% interest, to tide over the economic crisis.( Hindu 11 NOV 2018)

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References

  1. "National Defence Fund". 5 February 2018.
  2. "National Defence Fund" (PDF). 5 February 2018.
  3. "The Army Welfare Fund That You Might Think is a Hoax, But Isn't". The Quint. Retrieved 5 February 2018.
  4. "Here's how you can avail tax deduction under Section 80G". Zee Business. 10 January 2018. Retrieved 5 February 2018.
  5. Motiani, Preeti (2018). "Check before you donate: Will you get 50% or 100% tax benefit under Section 80G?". The Economic Times. Retrieved 5 February 2018.
  6. Online Contributions / Donations to National Defence Fund
  7. "National Defence Fund". www.pmindia.gov.in. Retrieved 5 February 2018.
  8. "National Defence Fund" . Retrieved 19 November 2020.