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.
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<p style="text-align: justify;">Domestic donations to PM CARES declined by 30 percent during the financial year 2024-25 to Rs 479 crore, while foreign donations declined by 18 percent to Rs 92.8 lakh crore. This information has been given in the audit report of the PM CARES Fund. The total corpus in the PM CARES Fund (Prime Minister's Citizen Assistance and Emergency Relief Fund) as on March 31, 2025 was Rs 8,452 crore, while the amount was Rs 7…
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.
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