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What is National Defence Fund, Importance, News, Construction, Schemes


WHAT IS NATIONAL DEFENCE FUND?
National Defence Fund
Set up in 1962, the National Defence Fund or NDF is used for the welfare of the members of the Armed Forces and their defendants. The Fund decides on utilisation of the voluntary donations received for the promotion of national defence effort.
 
Apart from the Armed Forces, the fund is also used for the welfare of the Para Military Forces, Railway Protection Force and their dependents.
 
The Fund is administered by the Prime Minister as its chairperson and Home Minister, Defence Minister and Finance Minister as its members. The Finance Minister also acts as the treasurer of the fund. Accounts of the fund are kept with the Reserve Bank of India. Much like the PM National Relief Fund, this fund also completely runs on voluntary donations and does not get any budgetary allocations. In 2016, the government decided to exempt all donations towards NDF from Income Tax unde ....

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