PM CARES: Initial corpus of Rs 2.25 lakh given by Narendra Modi

New Delhi: Prime Minister Narendra Modi had contributed Rs 2.25 lakh towards the initial corpus of PM CARES Fund when it was set up on March 27 following the Covid-19 outbreak, said senior officials. ET had reported on Wednesday that the annual audited statement of the PM CARES for 2019-20 mentioned an initial corpus of Rs 2.25 lakh and voluntary contributions of Rs 3,076 crore within five days of it being set up. “PM Modi has a long legacy of contributing to public causes. The initial corpus of Rs 2.25 lakh for PM CARES was donated by PM,” a senior official told ET.

Modi had earlier donated Rs 21 lakh from his personal savings to the corpus of the fund for the welfare of sanitation workers of Kumbh Mela in 2019. He had also donated the entire Rs 1.3 crore he received with the Seoul Peace Prize in South Korea for the Namami Gange project. He then wrote to the finance minister saying the tax exemption given for this prize money should be withdrawn.

Officials said all the money that has been raised from auction of gifts and mementoes received by Modi as PM also went to the Namami Gange Mission. This included Rs 3.4 crore collected from a recent auction and Rs 8.35 crore in an auction held at Surat of gifts received by the PM till 2015. While demitting office in 2014 as Gujarat CM, Modi had donated Rs 21 lakh from personal savings for educating daughters of state government staff.


Modi had raised Rs 89.96 crore by auctioning all gifts he received as Gujarat CM and he donated this to the Kanya Kelavani Fund, which spent the money on the education of girls, said officials. As per the assets declaration by Modi last year, he had total assets worth Rs 2.49 crore, including Rs 1.27 crore in a fixed deposit with a SBI branch in Gandhinagar and a house in Gandhinagar worth Rs 1.10 crore.