PM CARES Fund: Why was it set up and can its money be used to fix schools? Here's what official website says
Dipke said the money lying in the the Fund could potentially be used to build around new schools. Here’s what the charitable trust’s stated objectives say
The PM CARES Fund, established in 2020 to address emergencies and provide relief during crises like the COVID-19 pandemic, holds a significant amount of money at ₹8,452 crore as of March 31, 2025. However, its primary objectives are centered around emergency situations, healthcare infrastructure, pharmaceutical facilities, research support, and assistance to affected populations.
School construction and general education infrastructure are not explicitly mentioned as standalone purposes under the fund's objectives. Therefore, while the fund's money could potentially be used for school-related projects, it would depend on whether such expenditures align with the fund's approved purposes and are authorized by its Board of Trustees.
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