The PM Cares Fund was established in 2020.
Domestic donations to the PM CARES Fund fell by 30% to approximately ₹479 crore in 2024-25. Foreign contributions also declined by 18% to ₹92.8 lakh.
According to the fund’s latest audit report, the PM CARES Fund had ₹8,452 crore as of 31 March 2025, compared with ₹7,173 crore a year earlier.
Of the total, ₹7,846 crore was held in fixed deposits, while ₹605 crore was kept in savings bank accounts.
₹87.8 Lakh spent under PM CARES for children
In 2023-24, the fund received ₹681.8 crore in domestic donations and ₹1.13 crore in foreign contributions.
During 2024-25, ₹87.8 lakh was spent under the PM CARES for Children Scheme, compared with ₹15.37 crore in the previous financial year.
Overall, ₹87.85 lakh was disbursed from the fund in 2024-25, down from ₹15.6 crore in 2023-24.
Donations have fallen sharply since 2020-21
According to an analysis of audited statements available on the PM CARES website, domestic voluntary contributions were highest at ₹7,184 crore in 2020-21. They fell to ₹1,896 crore in 2021-22 and ₹909 crore in 2022-23 before declining further to around ₹479 crore in 2024-25.
Foreign contributions also dropped sharply, from ₹495 crore in 2020-21 to ₹40 crore in 2021-22 and ₹2.57 crore in 2022-23. The latest figure of ₹92.8 lakh is the lowest since ₹39.7 lakh was received in 2019-20.
fund created for emergencies
The Narendra Modi government established the PM CARES Fund to provide relief during emergencies and crises, including the COVID-19 pandemic. It is registered as a public charitable trust, with the Prime Minister serving as its ex-officio chairman.
The fund receives voluntary contributions and does not receive money through the government budget.
Funds used for oxygen plants and ventilators
During the COVID-19 pandemic, PM CARES funds were used to strengthen emergency healthcare infrastructure, including the installation of oxygen plants and the purchase of ventilators.
In 2021-22, ₹1,703 crore was spent on Pressure Swing Adsorption oxygen plants and ₹835 crore on ventilators. The fund’s total expenditure that financial year was approximately ₹1,938 crore.
