Industry seems to be losing faith in PM Carew Fund. According to a report, during the second wave, the industry has chosen to help people directly instead of donating to the PM Cares Fund. According to a report released on Tuesday by the rental agency CRISIL, the expenditure on charitable works in India has increased in FY 2021 compared to 2020.

It has increased to 22,000 crores with a three percent increase. Most of this fund has been spent on work related to Corona, although the agency's report also states that the PM Cares Fund has not been used to help during the second wave of Corona.