PM CARES Fund data made public; balance rises to Rs 8,452 crore
The PM CARES Fund, established for emergency situations like the Covid-19 pandemic, reported a balance of Rs 8,452 crore for the 2024-25 fiscal year. The report notes that interest from fixed deposits is now the fund's primary source of income as donations have declined.
Why it matters
Transparency regarding the PM CARES Fund is a subject of public interest in India, particularly regarding how emergency relief funds are managed and sustained.
NEW DELHI: The PM CARES Fund, established to deal with emergency situations like Covid pandemic in 2020, recorded total receipts of Rs 8,452.95 crore in the financial year 2024-25, up from Rs 7,188.63 crore in the previous financial year, according to its audit report. The final balance stood at Rs 8,452 crore on March 31.Fixed deposits accounted for nearly 93 per cent of the fund's closing balance, with Rs 7,846.65 crore held in such deposits.Interest earned from these fixed deposits stood at Rs 469.38 crore during the year, making it the fund's largest source of…
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