The PM CARES Fund, a public charitable trust chaired by the PM, has not released audited financial statements since FY 2022-23, raising serious transparency concerns. Despite receiving CSR funds from PSUs and tax-exempt donations, it remains outside RTI, CAG audit, and parliamentary scrutiny, a key issue for governance and accountability in exams.
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- ›Established: March 27, 2020 (trust deed registered)
- ›Legal Status: Public Charitable Trust under Registration Act, 1908
- ›Target this Data: PM CARES Fund established on March 27, 2020; last audited statement for FY 2022-23; closing balance ₹6,283.68 crore; total spend ~₹7,900 crore.
- ›Target this Nodal Body: PM CARES Fund is a public charitable trust under the Registration Act, 1908, not a public authority under RTI Act.
- ›Target this Legal Point: Section 80G of IT Act, 1961 (100% deduction); CSR eligibility under Companies Act, 2013; FCRA exemption; outside RTI Act and CAG audit.
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