PM Cares Fund had Rs 8,452 crore corpus by end of FY25, shows audit report
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The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund had a corpus of Rs 8,452 crore by the end of the financial year 2024-’25, showed audit statements published on Monday.
The fund received more than Rs 1,270 crore in domestic and foreign donations, interests on deposits and refund from implementing agencies during the financial year 2024-’25.
Nearly 93% of the funds available at the end of the fiscal year 2024-’25 had been held as fixed deposits. It reported an expenditure of Rs 87.8 lakh, mainly towards the PM Cares for Children Scheme.
The fund had a corpus of Rs 7,173 crore by the end of fiscal year 2023-’24.
The accounts for the fiscal years 2023-’24 and 2024-’25 were audited on August 6 and signed by the auditors on August 7, the documents showed.
The PM Cares Fund was established in March 2020 with the stated objective of being a dedicated national fund to deal with “any kind of emergency or distress situation” in the aftermath of the Covid-19 pandemic.
The fund has been the subject of criticism from Opposition parties, who have raised questions about its transparency and have questioned the need to create the reserve when the Prime Minister’s National Relief Fund existed.
The prime minister’s relief fund was set up in 1948 to provide immediate relief...