PM CARES FUND
The World Health Organization ('WHO') had declared the spread of novel Corona Virus
(COVID-19) as a pandemic. Likewise, the Government of India had also decided to
treat this pandemic as a 'Notified Disaster'. The Union Government of India has
set up a specific fund for COVID-19, called 'Prime Minister's Citizen Assistance
and Relief in Emergency Situations Fund' ('PM CARES Fund')
ICICI Securities has contributed Rs. 10 crore to support the nation in its fight
against the COVID-19 outbreak.
Contribution to IIT Kanpur for invasive ventilator R & D projects, pertaining to
COVID -19 healthcare
The Company is dedicated in supporting initiatives taken by Government institutes
like IIT in conducting various research projects providing life supporting devices
to help treat people affected by COVID-19. In order to provide financial support
to specific needs during times of a notified disaster and in order to support the
cause of IITs in bridging the resource gap the Company provided financial support
to IIT-Kanpur for, as a part of Company's CSR activities for FY2021 to develop a
completely invasive and mechanical ventilator.
The prototype is tested and certified by an NABL accredited lab in Pune for IEC
60601-1.