PM CARES Fund: Donations drop, interests accrue, utilisation abysmal
The corpus of PM CARES grew by 26% in two years despite drop in donations due to accrual of interests. However, utilisation of the funds reduced to 0.01% of available corpus in 2024-25
The Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund, which was established to provide support during crises, reported a significant drop in donations and an abysmally low utilization of its available funds in its recent audited financial statements. The corpus of the fund increased by 25.8% from ₹6,722 crore in 2022-23 to ₹8,453 crore in 2024-25.
However, the utilization of the fund dwindled from ₹437.9 crore in the same period to a meager ₹87.5 lakh, which is only 0.01% or 10,000 times smaller than the available corpus.
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