{
  "id": 1721382,
  "title": "PM CARES Fund Corpus Rises To ₹8,452 Crore; Spending Falls To ₹87.85 Lakh",
  "url": "https://urgent.news/2026/08/18/pm-cares-fund-corpus-rises-to-8-452-crore-spending-falls-to-87-85-lakh",
  "topic": "world",
  "section": "World",
  "published": "2026-08-18T13:12:44.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/india/pm-cares-fund-corpus-rises-to-8452-crore-spending-falls-to-8785-lakh"
  },
  "original_language": "en",
  "account": "As of March 31, 2025, the PM CARES Fund's corpus reached a record high of ₹8,452.07 crore, according to the fund's latest audited financial statements. The corpus had increased to around ₹7,173 crore by the end of 2023-24 from approximately ₹7,173 crore at the end of 2023-24. Roughly 93% of the corpus was held in fixed deposits with scheduled banks, while the remaining was in savings accounts. The fund earned substantial interest income from these fixed deposits, which now constitutes a significant portion of its income. However, domestic voluntary donations declined by about 30% from ₹682 crore in the previous financial year to ₹479 crore in 2024-25, as did foreign donations. Despite the drop in donations, the fund's balance grew due to interest income and refunds received from implementing agencies. The expenditure for 2024-25 remained relatively low, with only ₹87.85 lakh spent, primarily on the PM CARES for Children Scheme and minimal bank and SMS charges. The fund was established in March 2020 during the COVID-19 pandemic to provide assistance during emergencies and distress situations, and since its inception, it has received around ₹14,767 crore in cumulative donations while spending approximately ₹8,133 crore up to 2024-25.",
  "summary": "The PM CARES Fund’s corpus rose to a record Rs 8,452.07 crore as of March 31, 2025, according to its latest audited receipts and payments accounts. The accounts for 2023-24 and 2024-25 were made public on the fund’s website around August 17, 2026. The corpus stood at around Rs 7,173 crore at the end of 2023-24, marking an increase of nearly Rs 1,279 crore. Nearly 93% Of Corpus In Fixed Deposits…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}