PM CARES Fund: Donations drop, interests accrue, utilisation abysmal

The corpus of PM CARES grew by 26% in two years despite drop in donations due to accrual of interests. However, utilisation of the funds reduced to 0.01% of available corpus in 2024-25

The final balance stood at Rs 8,452 crore on March 31.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 repo