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PM CARES Fund Donations Surge 592% to ₹480 Crore, Only 0.1% Spent in FY 2024-25

PolityHIGH
Target:UPSC GS-IIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
18 Aug 2026
~2 min
Source: The Hindu
Key Data:₹480 crore donations 2024-25592% jump0.1% spending₹8,452 crore closing balance₹1,279.9 crore total income₹87.85 lakh spent
Bodies:PM CARES FundCAGNCPRIMinistry of Corporate Affairs
Practice MCQs from today's news ▸
What This Article Covers

1.Donations to PM CARES Fund jumped 592% to ₹480 crore in FY 2024-25, driven mainly by domestic contributions despite a 30% decline in domestic donations.

2.Only 0.1% of income (₹87.85 lakh) was spent that year; since inception in 2020, only 18.7% of total income has been utilized.

3.Fund remains outside RTI Act, parliamentary scrutiny, and CAG audit, leading to demands for greater transparency.

The Big Picture
Prelims · HighMains · High

PM CARES Fund received ₹480 crore in donations during 2024-25 – a 592% jump – yet spent only 0.1% of its income. Activists question the fund's transparency as it remains outside RTI and CAG audit, with a closing balance of ₹8,452 crore. This raises serious concerns about accountability of public charitable trusts.

Exam Lens

Quick Exam Facts From News

Donations 2024-25₹480 crore (592% jump)
Spending in 2024-250.1% of income (₹87.85 lakh)
Closing Balance 2024-25₹8,452 crore
Domestic Donations Change↓30% to ₹479 crore
Foreign Donations Change↓18% to ₹92.8 lakh
Since Inception Spending18.7% of total income

1-Minute Revision

  • ›Donations 2024-25: ₹480 crore (592% jump)
  • ›Spending in 2024-25: 0.1% of income (₹87.85 lakh)
  • ›Target this Data: Donations 2024-25: ₹480 crore, 592% jump; spending: 0.1% of income; closing balance: ₹8,452 crore
  • ›Target this Nodal Body: PM CARES Fund (chaired by PM, not under RTI/CAG)
  • ›Target this Legal Point: PM CARES Fund is NOT a 'public authority' under RTI; Ministry of Corporate Affairs amended Companies Act rules to keep it outside RTI

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

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

Q1Static LinkageEasy

Who is the chairperson of the PM CARES Fund?

Q2Statement-basedHard

Consider the following statements regarding PM CARES Fund:

1. The fund spent only 0.1% of its income in the fiscal year 2024-25.

2. The fund is audited by the Comptroller and Auditor General of India (CAG).

3. As of March 31, 2025, the closing balance of the fund stood at ₹8,452 crore.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the audited financial statements, what was the total income of PM CARES Fund for the year 2024-25?

Q4Application/ImpactMedium

What is the primary reason activists have criticised the PM CARES Fund?

All 25 MCQs ▸
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