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The PM CARES Fund ended the financial year 2024-25 with a balance of around Rs 8,452 crore, according to audited financial statements made available on the fund's website. The figures have renewed public interest in the fund's receipts, expenditure, audit process and transparency framework. Set up
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FAQ :
The PM CARES Fund ended the financial year 2024-25 with a balance of approximately Rs 8,452 crore.
During FY 2024-25, the fund received over Rs 1,200 crore through domestic donations, foreign contributions, interest earned, and refunds.
The reported expenditure for FY 2024-25 was very low, amounting to only about Rs 87.85 lakh.
The low expenditure, despite a large corpus and significant receipts, has prompted questions from journalists, tax professionals, and transparency activists about the fund's utilisation and accountability.
Concerns have been raised about the delay in the public release of audited statements (approximately 1.5 years after the financial year-end) and the limited detail available on certain transactions, donor identities, and fund utilisation.
The PM CARES Fund maintains it is not a 'public authority' under the RTI Act, a stance that transparency advocates continue to question, sparking debate on public access to information regarding privately contributed public-purpose funds.
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