PM CARES Fund data made public; balance rises to Rs 8,452 crore | India News
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 income.
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Domestic donations to the fund declined to Rs 479.05 crore in FY25 from Rs 681.81 crore in FY24. Foreign donations also fell to Rs 9.28 lakh from Rs 11.35 lakh during the period.The fund’s total payments during FY25 stood at Rs 87.85 lakh, compared with Rs 15.60 crore in the previous financial year.The figures show that while total receipts increased during FY25, donations from both domestic and foreign sources declined, while interest from fixed deposits accounted for the largest share of the fund’s income.
