The PM CARES Fund had a closing balance of ₹8,452.06 crore as of March 31, 2025, according to the fund's audited financial statements for the financial year 2024-25.
The financial statements were uploaded on the official PM CARES Fund website on August 17, 2026, more than a year after the financial year ended. The accounts were audited and signed in August 2026.
Editorial Insight
Key Highlights
Important points readers should notice.
Closing balance on March 31, 2025: ₹8,452.06 crore Fixed deposits: ₹7,846.65 crore
Savings bank balance: ₹605.41 crore Domestic donations: ₹479.04 crore
Foreign donations: ₹92.83 lakh Interest earned: approximately ₹475 crore
Total payments recorded: ₹87.85 lakh PM CARES for Children expenditure: ₹87.84 lakh
According to the audited statement, ₹7,846.65 crore, or nearly 93% of the fund's balance, was held in fixed deposits. Another ₹605.41 crore was held in savings bank accounts. The fund entered FY2024-25 with around ₹7,173 crore in bank balances. During the year, it received about ₹479.04 crore in domestic donations and ₹92.83 lakh in foreign donations.
The fund also earned around ₹475 crore in interest, including ₹469.37 crore from fixed deposits and ₹5.77 crore from savings bank accounts.
The audited statement recorded ₹87.85 lakh in total payments during FY2024-25. Of this, ₹87.84 lakh was spent under the PM CARES for Children Scheme, while the remaining amount included bank and SMS charges.
Editorial Analysis
Why This Matters
The latest figures provide a clearer picture of the financial position of one of India's most closely watched relief funds. The large fixed-deposit holding and the interest earned during the year are particularly notable, while the relatively limited recorded expenditure has prompted questions about how the fund is being utilised. At the same time, the ₹87.85 lakh figure should be understood correctly: it represents the payments recorded in the FY2024-25 statement and should not automatically be described as the total expenditure since PM CARES was established.
The figures have brought renewed attention to the size of the fund, its investment pattern and its utilisation.The latest disclosure also records more than ₹324 crore as refunds from implementing agencies, although the publicly available statement does not provide detailed information on the individual agencies or the projects connected with those refunds.
The PM CARES Fund was established in March 2020 during the COVID-19 pandemic to provide assistance during emergency or distress situations.
