National Defence Fund

2021-05-14T09:18:11Z

2405:201:C01E:89D:1C3F:2E6E:851F:9EA3: Gold invested was 425 Kgs and not 5000 kgs.

{{Use dmy dates|date=July 2019}}
'''National Defence Fund''' (NDF) 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 of India|paramilitary forces]]) and their dependents. Members of the executive committee include the [[Prime Minister of India]]—as chairperson, [[Minister of Home Affairs (India)|Home Minister]], [[Minister of Defence (India)|Defence Minister]] and [[Ministry of Finance (India)|Finance Minister]]—Treasurer.<ref>{{cite web|title=National Defence Fund|url=https://ndf.gov.in/aboutndf.php|date=5 February 2018}}</ref><ref>{{cite web|title=National Defence Fund|url=http://www.mhrd.gov.in/sites/upload_files/mhrd/files/NDF.pdf|date=5 February 2018}}</ref><ref>{{Cite news|url=https://www.thequint.com/news/india/whatsapp-asking-for-funds-for-the-army-is-not-a-hoax-but-is-is-also-not-entirely-true-indian-army-clarification|title=The Army Welfare Fund That You Might Think is a Hoax, But Isn’t|work=The Quint|access-date=2018-02-05|language=en}}</ref> Donations to the National Defence Fund are 100% tax exempt.<ref>{{Cite news|url=http://www.zeebiz.com/personal-finance/news-heres-how-you-can-avail-tax-deduction-under-section-80g-34774|title=Here's how you can avail tax deduction under Section 80G|date=2018-01-10|work=Zee Business|access-date=2018-02-05|language=en}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/wealth/tax/check-before-you-donate-will-you-get-50-or-100-tax-benefit-under-section-80g/articleshow/57141227.cms|title=Check before you donate: Will you get 50% or 100% tax benefit under Section 80G?|last=Motiani|first=Preeti|date=2018|work=The Economic Times|access-date=2018-02-05}}</ref> Donations can be made through an online government portal also.<ref>[https://ndf.gov.in/ Online Contributions / Donations to National Defence Fund]</ref>

== Income and expenditure ==
The income and expenditure of the NDF for the period 2013 to 2019 is as follows (in crore rupees):<ref>{{Cite web|url=http://www.pmindia.gov.in/en/national-defence-fund/|title=National Defence Fund {{!}} Prime Minister of India|website=www.pmindia.gov.in|language=en|access-date=2018-02-05}}</ref><ref>{{Cite web|title=National Defence Fund|url=https://ndf.gov.in/aboutndf.php|access-date=2020-11-19|website=ndf.gov.in}}</ref>
{| class="wikitable"
!Year
!Expenditure
!Receipts
!Balance
|-
|31.03.2013
|5.72
|76.69
|941.50
|-
|31.03.2014
|61.99
|80.68
|956.85
|-
|31.03.2015
|33.98
|84.72
|1007.59
|-
|31.03.2016
|46.86
|83.53
|1044.26
|-
|31.03.2017
|30.20
|82.02
|1096.08
|-
|31.03.2018
|64.75
|83.85
|1115.18
|-
|31.03.2019
|17.49
|103.85
|1200.97
|}

== Notable contributions ==
[[Osman Ali Khan, Asaf Jah VII]], the last [[Nizam of Hyderabad]] of the former [[Hyderabad State]], made a donation of 425  kg of gold to the National Defence Fund in 1965.<ref>{{cite web |title=Nizam of Hyderabad, world donated five tons of gold coins to the Indian army |url=http://www.ourtimebd.com/beta/2019/10/20/nizam-of-hyderabad-world-donated-five-tons-of-gold-coins-to-the-indian-army/ |website=OurtimeBD |date=19 October 2019}}</ref><ref>{{cite news |title=Politicians slammed for tarnishing Hyderabad Nizam Osman Ali Khan Bahadur's name |url=https://www.newindianexpress.com/cities/hyderabad/2020/dec/01/politicians-slammed-fortarnishing-hyderabad-nizam-osman-ali-khan-bahadurs-name-2230145.html |access-date=14 April 2021 |work=The New Indian Express}}</ref>( Hindu 11 NOV 2018)

==References==
{{reflist}}

{{authority control}}

[[Category:1962 establishments in India]]
[[Category:Government agencies of India]]
[[Category:Ministry of Defence (India)]]

{{India-gov-stub}}

Bharatpedia - User contributions [en]

National Defence Fund