PM CARES fund corpus up 18% to ₹8,452 crore despite drop in domestic donations
The fund’s corpus grew mainly through interest income and refunds, while domestic and foreign donations fell and expenditure remained minimal
The Prime Minister's Cares Fund (PM CARES) saw an 18% growth in its corpus, reaching ₹8,452 crore in 2024-25, despite a decline in domestic donations. In FY 2024-25, total domestic donations (net of refunds) were approximately ₹479.05 crore, down from about ₹681.81 crore in the previous year. Foreign donations (net of refunds) were also down, at ₹0.93 crore, compared to ₹1.14 crore in FY 2023-24.
The fund's income increased due to substantial interest on fixed deposits and refunds from implementing agencies, while expenditure was minimal, accounting for just 0.01% of the corpus. Transparency activist Anjali Bhardwaj questioned the fund's utilization and transparency, pointing out the large sums of money left idle and the lack of information on refunds.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- PM CARES Fund sees drop in donations, spending indianexpress.com
