business ๐ธ PM CARES Fund spending looks kinda sus ๐ง
The PM CARES Fund spent only Rs 88 lakh in FY 2024-25 out of its massive Rs 8452 crore corpus. This meager amount only provided Rs 2,596 per child for the 3,383 beneficiaries under the children's scheme. Additionally, around 93% of the total fund, totaling Rs 7,847 crore by the end of FY 25, is locked in fixed deposits. This contrasts sharply with disaster relief needs in various states across India. The fund's lack of transparency and low expenditure on social programs is drawing scrutiny.