PM CARES Fund contributions fall to Rs 912 crore in FY23, lowest since 2020

Quick Summary:

A study of the audited statements on the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund website shows that the voluntary contribution peaked at Rs 7,184 crore in 2020-21 and then fell to Rs 1,938 crore in 2021-22, before declining further in 2022-23 as the Covid threat receded after 2021.

The total voluntary contribution to the PM CARES Fund fell to Rs 912 crore in the fiscal year 2022-23, its lowest since the public charitable trust was created in March 2020 following the COVID-19 outbreak.

Foreign contribution has seen a sharper decline, registering a high of Rs 495 crore in 2020-21, before falling to Rs 40 crore and Rs 2.57 crore in the next two years.

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Category: BusinessFinance

Markets: India

Topics: Narendra Modi government COVID-19 pandemic in India PM CARES donation PM CARES Fund Narendra Modi Chairman Prime Minister

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Article Type: News Report

Published On: 2024-12-28 @ 15:20:28 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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