Prime Minister Narendra Modi, announced on Saturday that the ‘PM-CARE for Children Scheme’ will support all the children who lost their parents or guardians due to COVID-19 Pandemic.
According to the press released by the government, such children will get a monthly stipend once they turn 18, and a fund of 10 lakh rupees when they turn 23 under the PM-CARE for Children”
“All children who have lost both parents or surviving parent or legal guardian/adoptive parents due to COVID-19 will be supported under ‘PM-CARES for Children’ scheme,” the PMO said in a statement.
Benefits under ‘PM-Care for Children’ Scheme
PMO said that the center will contribute a corpus of Rs. 10 lakh for each child when they attain the age of 18 and that fund will be used to financially support that particular child from the age of 18-23 in the form of a monthly stipend.
Attaining the age of age 23, the corpus amount will be given to that particular child as a lump sum for personal use.
The Child will also be given free education and will be admitted to the nearest Kendriya Vidyalaya or a private school. If admitted to a private school, the fees will also be covered under PM-CARE for children scheme.
The government will also assist the child’s higher education by helping in obtaining education loans for professional courses.
All children will be enrolled under Ayushman Bharat Scheme (PM-JAY) as a beneficiary for a health insurance cover of Rs. 5 lakh. The premium for the health insurance will be paid by PM CARES until the child attains the age of 18 years.