Why in News?
- The PM CARES Fund hasn't put out audited financial statements since the FY 2022–23 disclosure and that's raised concerns over transparency.
About PM CARES Fund
- PM CARES (Prime Minister's Citizen Assistance and Relief in Emergency Situations) Fund is a public charitable trust, set up back in March 2020.
- It steps in during public health emergencies, natural disasters, and other calamities.
- The Prime Minister heads it as ex-officio Chairman, and the Defence, Home, and Finance Ministers serve as ex-officio Trustees.
- Funded through voluntary contributions, it offers 100% tax deduction under Section 80G, counts as CSR expenditure. It is also eligible to receive foreign donations under the FCRA.
