PM CARES Fund sees drop in donations, spending
The PM CARES Fund, established to provide assistance during emergencies, experienced a decline in donations and spending during the financial year 2024-25. The total contributions dropped to Rs 479.96 crore, with domestic donations making up Rs 479.04 crore and foreign donations contributing about Rs 92 lakh. The fund's spending also fell to a five-year low of Rs 87.85 lakh, with the majority of expenses allocated to the PM CARES for Children Scheme.
Despite the reduced contributions and spending, the fund's closing balance reached an all-time high of Rs 8,452.06 crore, marking a 17.83% increase compared to the previous year.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- PM CARES Fund sees drop in donations, spending indianexpress.com
