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LATEST NEWS UPDATES | PM CARES Collected Rs.10,990 Crore Till March 2021, Spent ₹ 3,976 Crore -Arvind Gunasekar

PM CARES Collected Rs.10,990 Crore Till March 2021, Spent ₹ 3,976 Crore -Arvind Gunasekar

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published Published on Feb 7, 2022   modified Modified on Feb 8, 2022

-NDTV.com

Billed as a "dedicated fund with the primary objective of dealing with any kind of emergency...", PM CARES spent 3,976 crore in the first year of its operation

New Delhi: 64 per cent of the Rs.10,990 crore collected by the PM CARES Fund between March 27, 2020, and March 31, 2021, remained unused as of the latter date, according to data accessed by NDTV.

As of March 2021, the PM CARES Fund - set up by the Narendra Modi government 12 months earlier with the aim of securing financial donations to help fight COVID-19 - was sitting on Rs.7,014 crore.

Billed as a "dedicated fund with the primary objective of dealing with any kind of emergency... and provide relief to the affected", PM CARES spent just Rs.3,976 crore in the first year of its operation.

This was despite receiving Rs.7,679 crore in donations in the Financial Year 2021 to add to an opening balance of 3,077 crore from Financial Year 2020 and income from interest amounting to 235 crore.

Of the donations received, Rs.495 were from foreign sources.

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NDTV.com, 7 February, 2022, https://www.ndtv.com/india-news/pm-cares-fund-pm-cares-collected-rs-10-990-crore-till-march-2021-spent-rs-3-976-crore-2754454?fbclid=IwAR1DMyu78AOEYtwcgnqTmqk54euoRiSw1ZnztzE146YijwYwG8L8x3fCHKw#pfrom=home-ndtv_topstories


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