₹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.
The PM CARES Fund's corpus reached ₹8,452 crore in 2024-25, an increase from ₹7,173 crore in the previous fiscal year, as per public documents. Most of this money, ₹6,641 crore, was invested in fixed deposits, marking a shift from savings accounts. The fund earned ₹475 crore in interest from these deposits, boosting its balance without needing fresh funds.
Managed by the Prime Minister and key ministers, the PM CARES Fund relies on voluntary donations and does not receive government funding. Its objectives include aiding during emergencies like COVID-19, and donations qualify for tax benefits under 80G and CSR expenditure rules. The fund's savings bank accounts grew from ₹5,31,400 crore in 2023-24 to ₹6,05,410 crore in 2024-25, while fixed deposits rose from ₹6,641 crore to ₹78,460 crore. Overall, the fund's balance increased to ₹8,452.07 crore, with only ₹87.85 lakh in expenditures.
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