Get latest articles and stories on India at LatestLY. The latest audited report showed that "PM CARES", which was set up to deal with several emergencies collected Rs 10,990 crore in the 2020-21 financial year, while only Rs 3,976 crore, one-third, was spent. The government sources, however, said that several initiatives have been approved, which would be funded by the "PM CARES". India News | Rahul Alleges Only One-third PM Cares Spent, Govt Says Projects in Pipeline.