PM CARES Donations Surge, But Spending Barely Moves
What Happened
The PM CARES Fund received nearly ₹480 crore in donations in 2024-25, marking a 592% increase over the previous year, according to its latest audited financial statements. However, the fund reportedly spent only 0.1% of that amount during the year. The disclosures were released after annual reports had not been uploaded since 2022-23.
Key Takeaways
The sharp rise in donations coupled with minimal spending has renewed attention on how the fund's growing corpus is being utilized. According to the report, the fund has spent less than one-fifth of its total income since its creation in 2020.