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PM CARES Fund corpus triples to Rs 10,990.17 crore in FY 2020-21

PM CARES Fund: Corpus triples to Rs 10,990.17 crore in FY 2020-21_50.1

The total corpus under the PM CARES Funds in 2020-21 was Rs 10,990.17 crore. While Rs 3,976.17 crore was spent from the fund in 2020-21, according to the latest audited statement of PM CARES Funds. As on March 31, 2021, the Fund had an unspent balance of Rs 7,013.99 crore. The government has used a part of the money to buy medical equipment, including ventilators, to boost the battle against the COVID-19 and has also provided relief to migrants.

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The highest amount was spent on Procurement of 6.6 crore doses of COVID-19 vaccine i.e. Rs 1,392.82 crore. The Fund was established on March 27, 2020. PM CARES fund is a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation like posed by the COVID-19 pandemic. Prime Minister is the ex-officio Chairman of the PM CARES Fund.  The fund was set up as a public charitable trust “keeping in mind the need for having a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected”.

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