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

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 highest amount was spent on Procurement of 6.6 crore doses of COVID-19 vaccine i.e. Rs 1,392.82 crore

The overall contributions to the fund received in 2019-20 was Rs 3,076.62 crore which was collected in just five days of its formation on March 27, 2020, with an initial corpus of Rs 2.25 lakh. 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.