In Brief
- PM CARES Fund spent just 0.1% of its 2024-25 donations.
- Financial statements for 2023-24 and 2024-25 released after delay.
- The fund received both domestic and foreign contributions.
- Audit reports detail the fund's donation collection and spending.
The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) disclosed it spent only 0.1% of the donations received during the financial year 2024-25. This information became available following the delayed release of the fund's financial statements for 2023-24 and the current year, 2024-25.
The financial disclosures provide details about the substantial inflow of domestic and foreign contributions made to the fund. However, the spending remains minimal, raising questions about the utilisation of these resources for emergency relief efforts.
The audit reports, now accessible to the public, detail the receipts and expenditures of the fund without indicating specific projects or relief operations supported. The fund's transparency on its financials aims to address stakeholders' concerns regarding fund management.
Authorities have yet to comment on the reasons for the low spending rate despite consistent inflows of donations. The fund continues to hold a significant corpus as per the statements.
