Last Updated:
Audited Statements of PM CARES Fund of Last Three Financial Years Made Public
Domestic donations to the fund stood at around Rs 475 crore in the last financial year.
The PM CARES Fund has reached its highest-ever balance of Rs 8,452 crore, with a significant change in how the corpus is being managed.
CNN-NEWS18 has accessed the latest audited statements of the fund for the year 2024-2025 and the previous two financial years that have been made public now.
A large chunk of the fund — Rs 6,641 crore — is now parked in fixed deposits. This is a departure from the earlier practice of keeping a substantial portion of the money in savings accounts.
The move has also helped the fund earn more from its existing corpus. Around Rs 475 crore was earned as interest from fixed deposits, adding to the fund without requiring any fresh contribution.
The growing balance means the fund now has a sizeable financial reserve available for emergencies. PM CARES was set up to provide resources during situations where the government needs to respond quickly to a crisis.
DOMESTIC DONATIONS AT RS 475 CRORE
Domestic donations to the fund stood at around Rs 475 crore in the last financial year.
The latest figures indicate that the fund has been able to build up a substantial corpus.
At the same time, the decision to move a larger portion of the money into fixed deposits means the existing corpus is generating a higher return.
A LARGER CUSHION FOR FUTURE EMERGENCIES
The latest financial position of the PM CARES Fund also highlights a broader approach: keeping a substantial reserve ready before the next emergency strikes.
With Rs 8,452 crore in the corpus and Rs 6,641 crore invested in fixed deposits, the fund now has both a sizeable financial cushion and a mechanism to earn better returns on a large part of that money.
The strategy essentially allows the fund to preserve its emergency reserve while ensuring that money lying unused is generating additional income.
The result is a much stronger financial position for PM CARES — resources accumulated in advance and earning returns, with the corpus available to be deployed when the next major crisis demands it.
The fund’s corpus has risen from Rs 7,173 Cr in 2023-24 to Rs 8,452 Cr in 2024-25, the statements show.
GOVERNMENT CONTINUES PM CARES FOR CHILDREN SUPPORT
The government is also continuing to fund the PM CARES for Children scheme.
The scheme was launched to support children who lost their parents or legal guardians during the Covid-19 pandemic. It provides assistance related to education, healthcare, and financial support.
The continued expenditure under the scheme is being met even as the overall PM CARES corpus has grown.
Key Questions Answered
Ask News18The PM CARES Fund will be used as a substantial reserve for future emergencies, with a large portion of its corpus invested in fixed deposits to earn better returns and preserve the emergency reserve.
Ask News18About the Author
Aman Sharma, Executive Editor – National Affairs at CNN-News18, and Bureau Chief at News18 in Delhi, has over two decades of experience in covering the wide spectrum of politics and the Prime Minister…Read More
August 18, 2026, 11:49 IST
Read More
Source link
[ad_3]
