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PM CARES Corpus Grows 25.8% to ₹8,453 Cr, Utilisation at 0.01% of Available Funds

PolityHIGH
Target:UPSC GS-IIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
19 Aug 2026
~2 min
Source: The Hindu
Key Data:Corpus ₹6,722 crore (2022-23)Corpus ₹8,453 crore (2024-25)Growth 25.8%Utilisation ₹87.5 lakh (0.01%)Interest income ₹475 croreDonations ₹480 crore
Bodies:PM CARES
Practice MCQs from today's news ▸
What This Article Covers

1.Corpus of PM CARES grew 25.8% despite drop in donations, due to interest accrual after moving to fixed deposits.

2.Utilisation of funds fell sharply from ₹437.9 crore in 2022-23 to ₹87.5 lakh in 2024-25 (0.01% of corpus).

3.Refunds from implementing agencies far exceeded money utilised; delayed audit statements and change of auditor raise transparency concerns.

The Big Picture
Prelims · HighMains · Medium

PM CARES fund corpus grew 25.8% to ₹8,453 crore between 2022-23 and 2024-25, but utilisation dropped to just ₹87.5 lakh (0.01% of corpus). The growth was driven by interest income after moving funds to fixed deposits, while donations declined. Critics highlight lack of transparency, delayed audit statements, and refunds from implementing agencies exceeding disbursements.

Exam Lens

Quick Exam Facts From News

Corpus (2022-23)₹6,722 crore
Corpus (2024-25)₹8,453 crore
Corpus Growth25.8%
Utilisation (2024-25)₹87.5 lakh (0.01% of corpus)
Utilisation (2022-23)₹437.9 crore
Interest Income (2024-25)₹475 crore
Donations (2024-25)₹480 crore

1-Minute Revision

  • ›Corpus (2022-23): ₹6,722 crore
  • ›Corpus (2024-25): ₹8,453 crore
  • ›Target this Data: Corpus grew 25.8% to ₹8,453 crore; utilisation 0.01% in 2024-25.
  • ›Target this Nodal Body: PM CARES (Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund) – a public charitable trust.
  • ›Target this Legal Point: RTI exemption and lack of parliamentary oversight.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which of the following best describes the legal status of the PM CARES Fund?

Q2Statement-basedHard

Consider the following statements regarding PM CARES Fund:

1. The corpus increased by 25.8% between 2022-23 and 2024-25.

2. The utilisation of funds in 2024-25 was higher than in 2022-23.

3. The interest income in 2024-25 was almost equal to the donations received.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What was the utilisation of PM CARES funds in 2024-25 as a percentage of the available corpus?

Q4Application/ImpactMedium

What is the primary reason for the sharp increase in interest income of the PM CARES Fund?

All 20 MCQs ▸
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