PM CARES Fund Balance Rises to ₹8,452 Crore
PM CARES Fund: Financial Health & Operational Insights
The PM CARES Fund (Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund) was established in March 2020 as a dedicated public charitable trust aimed at offering immediate relief during public health emergencies and natural disasters across India. Relying purely on voluntary donations rather than government allocations, the fund operates with a mandate separate from statutory state funds.
With the release of its audited financial statements for FY 2023–24 and FY 2024–25, the trust’s fiscal position shows steady corpus growth, conservative asset management, and focused welfare spending.
Key Highlights & Financial Data
- Corpus Expansion: The total closing balance increased significantly from ₹7,173.03 crore in FY 2023–24 to ₹8,452.07 crore as of March 31, 2025.
- Conservative Holdings: Approximately 93% of the fund’s balance—totaling ₹7,846.65 crore—is parked in fixed deposits, with the remaining ₹605.41 crore held in savings bank accounts for liquidity.
- Interest Income: Interest earned on fixed deposits was the primary source of revenue, generating ₹469.38 crore during FY 2024–25.
- Donation Trends: Voluntary contributions from domestic sources dropped by 30% to ₹479.05 crore in FY 2024–25 (down from ₹681.81 crore). Foreign contributions also saw an 18% decline, totaling ₹92.83 lakh.
- Targeted Utilization: Total expenditure for FY 2024–25 stood at ₹87.85 lakh (roughly 0.01% of the overall balance), with nearly the entire sum (₹87.84 lakh) directed toward the PM CARES for Children Scheme.
- Legal Framework: Operates under a separate legal and administrative framework from the Prime Minister’s National Relief Fund (PMNRF).
- Audit Sign-off: The financial statements were audited by the Mumbai-based accounting firm KKC & Associates LLP and formally approved in August 2026.
