Domestic donations to PM CARES down by 30% to ₹479 crore in FY25
The PM CARES Fund saw a significant decline in both domestic and foreign donations during the 2024-2025 fiscal year. Audit reports indicate that the fund's total balance grew due to interest on fixed deposits, even as voluntary contributions dropped sharply.
Why it matters
Transparency regarding government-managed emergency funds is critical for public trust and fiscal accountability.
Domestic donations to the PM CARES Fund fell by 30% to nearly ₹479 crore during the fiscal year 2024-2025 while foreign donations also declined by 18% to ₹92.8 lakh, according to its latest audit report.
The total balance in PM CARES Fund stood at ₹8,452 crore as on March 31, 2025, up from ₹7,173 crore a year ago.
Of this, ₹7,846 crore was parked in fixed deposits and ₹605 crore in savings bank accounts, the report said.
The domestic donations received by the PM CARES in fiscal year 2023-24 stood at ₹681.8 crore, while it received foreign donations totalling ₹1.13 crore.
The fund spent ₹87.8 lakh on PM CARES for Children Scheme during 2024-25, sharply down from ₹15.37 crore in the previous year.
Total payments made during the year 2024-25 was ₹87.85 lakh, as against ₹15.6 crore in the previous fiscal.
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