PM cares fund to provide a stipend for two children who lost their parents due to covid-19.

India PM Narendra Modi in image

The review meeting held on Saturday by prime minister Narendra Modi announced the monthly support to children under 18 from the PM cares for children scheme and the fund of 10 lakh rupees when they turn 23 from pm cares.

The PM said, "In such trying times, it is our duty, as a society, to care for our children and instil hope for a bright future. All children who have lost both parents or surviving parent or legal guardian/adoptive parents due to Covid 19 will be supported under the 'PM-CARES for Children' scheme." Along with that, he made an announcement specifically about different age groups of children under the scheme.

The fixed deposit amount in the name of the child will be received at the age of 23 for his or her higher education, amounting to rupees 10 lakh. For children under ten years, admissions to the nearest Kendriya Vidyalaya for any private school as a day scholar. School uniforms, textbooks etc., will be included in the scheme. For the children between 11 to 18 years, the child will be given admission to any Central government residential school.

The child will be granted educational loans for higher education, according to the existing educational loan norms, and the interest will be paid by the PM cares. Moreover, scholarships will be given to these children. In addition to that, health insurance under the Ayushman Bharat scheme with the cover of rupees 5 lakh will be paid by the PM care fund until the child turns 18 years.

 

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