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PM CARES Fund collected Rs 10,990 cr in first year till March 2021, but spent only Rs 3,976 cr: Audit Report

Balance sheet of the PM CARES Fund showed billions were received in the form of voluntary and foreign contributions.

The latest audited statement of teh PM CARES Fund revealed that 64% of the ₹10,990 crore collected by the PM CARES Fund between March 27, 2020, and March 31, 2021, remained unused as of the latter date

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 ₹ 7,014 crore.

– PM CARES Fund recorded nearly Rs 494.91 crore as foreign contributions.
– It recorded over Rs 7,183 crore as voluntary contributions during the fiscal.
– Overall contributions to the fund received in 2019-20 was Rs 3,076.62 crore.
– It disbursed Rs 1,311 crore for 50,000 made-in-India ventilators to government hospitals.
– While Rs 1,000 crore was allotted to states and Union territories for the welfare of migrants.
– Rs 1,392.82 crore was spent on the procurement of 6.6 crore doses of Covid vaccines.

Taking to microblogging site Twitter, Rahul Gandhi wrote, “PM lies.”

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