business π° PM CARES spending low in 2024-25
The PM CARES fund utilized only Rs 88 Lakh out of its total allocation of Rs 8,452 Crore in the 2024-25 fiscal year. This expenditure was primarily channeled into Fixed Deposits (FDs), accounting for 93% of the disbursed amount. The fund's conservative approach suggests a large portion of the corpus remains untouched for immediate needs. This minimal spending pattern is being closely monitored by financial analysts and government observers. Future utilization plans for the remaining funds are yet to be officially announced by the authorities.