Domestic Donations to PM CARES Down by 30 Pc to Rs 479 Crore in FY25
The audited report shows spending on PM CARES for Children dropped to ₹87.8 lakh as the fund’s balance climbed to ₹8,452 crore.
- The PM CARES Fund audit released on Monday shows the total balance rose to ₹8,452 crore, though domestic donations fell 30% to nearly ₹479 crore during fiscal year 2024-25.
- Established in March 2020 to handle emergency situations, the fund has seen voluntary contributions decline sharply, with foreign donations dropping 18% to ₹92.8 lakh during the fiscal period.
- Nearly 93% of available funds were held as fixed deposits at year-end, according to the audit, while the fund utilized only 0.01% of its total corpus.
- Social activist Anjali Bhardwaj noted on Tuesday that the fund remains shrouded in secrecy, questioning why so little of the accumulated corpus has been utilized.
- Opposition parties have long questioned the fund's transparency, specifically the government's position that the PM CARES Fund does not fall under the ambit of the Right to Information Act.
15 Articles
15 Articles
PM CARES spent just Rs 88 lakh of its Rs 8,452 crore in 2024-25, put 93% in FD
The latest accounts shared by the PM CARES Fund show that by the end of 2024-25, the Fund had Rs 8,452 crore. But it spent only 0.001% of it, mainly on the PM CARES for Children Scheme, which is significantly lower than what the government had promised.
₹8,452 crore in PM CARES corpus, reveal public documents, most funds in fixed deposits
The audited accounts show that for the year that ended on 31, March 2025, the major portion of the fund, ₹6,641 crore is now parked in fixed deposits. This is a departure from the earlier practice of keeping a substantial portion of the money in savings accounts.
PM CARES swells to Rs 8,452 crore, interest income from FDs matches your donation
The latest audit statement of the PM CARES Fund shows its balance swelled to Rs 8,452 crore by March 2025, of which nearly 93% was parked in fixed deposits. The Fund spent just Rs 87.85 lakh during the financial year, while it earned around Rs 475 crore in interest.
Govt reveals where PM CARES money is invested
The PM CARES Fund experienced a 30 per cent decrease in domestic donations and an 18 per cent drop in foreign contributions during the fiscal year 2024-2025. Despite this, the total balance in the fund increased to Rs 8,452 crore, primarily held in fixed deposits and savings accounts. The fund's expenditure on the PM CARES for Children Scheme also saw a sharp reduction.
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
