Audited financial statements for PM CARES Fund have not been made public since FY 2022-23
Chaired by the Prime Minister with Union Ministers as trustees, all donations qualify for 100% deduction under the I-T Act, and count as CSR expenditure under the Companies Act, yet the Fund remains ‘outside the ambit of the RTI Act, parliamentary scrutiny, and audit by the CAG’, RTI activists say
The Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund has maintained secrecy regarding its audited financial statements since its last disclosure for the fiscal year 2022-23. Established in March 2020, the PM CARES Fund is a public charitable trust created to aid relief efforts during public health emergencies and other disasters.
The trust operates under the chairmanship of the Prime Minister and is funded solely through voluntary contributions, as per information released by the Central government.
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