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PM announces 10 lakh fund, free education, other benefits for kids who lost parents to Covid

Prime Minister Narendra Modi. (File photo) (HT_PRINT)Premium
Prime Minister Narendra Modi. (File photo) (HT_PRINT)

  • PM Modi said children who lost their parents to Covid-19 would get a monthly stipend once they turn 18 and a fund of 10 lakh when they turn 23 from PM-CARES
  • All children will be enrolled as a beneficiary under Ayushman Bharat Scheme (PM-JAY) with a health insurance cover of 5 lakh

Prime Minister Narendra Modi on Saturday announced that all children who have lost both parents or guardians due to coronavirus will be supported under the ‘PM-CARES for Children’ scheme.

The prime minister said that such children will get a monthly stipend once they turn 18 and a fund of 10 lakh when they turn 23 from PM-CARES.

"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.

  • Fixed Deposit in the name of the child:

The office of PM Narendra Modi said that the PM CARES will contribute through a specially designed scheme to create a corpus of 10 lakh for each child when the child reaches 18 years of age.

The PMO said that the 10 lakh corpus will be used to give monthly financial support from 18-23 years of age to take care of the child's personal requirements during the period of higher education.

On reaching the age of 23 years, the child will get the corpus amount as one lump sum for personal and professional use.

  • School Education: For children under 10 years

Further, the prime minister said that the child will be given admission to the nearest Kendriya Vidyalaya or in a private school as a day scholar.

If the child is admitted to a private school, the fees as per the Right to Education norms will be given from the PM CARES, the PMO added.

"PM-CARES will also pay for expenditure on uniforms, textbooks, and notebooks," it added.

  • School Education: for children between 11-18 years

The child will be given admission to any Central Government residential school such as Sainik School, Navodaya Vidyalaya, etc.

In case, the Guardian/ grandparents/ extended family looks after the child, then he or she will be given admission to the nearest Kendriya Vidyalaya or in a private school as a day scholar.

  • Higher Education

The child will be assisted in obtaining an education loan for professional courses, or Higher Education in the country as per the existing Education Loan norms. The interest on this loan will be paid by the PM-CARES.

As an alternative, scholarships equivalent to the tuition fees, or the course fees for undergraduate/ vocational courses as per the government's norms will be provided to such children under Central or State Government Schemes. For children who are not eligible under the existing scholarship schemes, PM-CARES will provide an equivalent scholarship, the PMO said in a statement.

  • Health Insurance

All children will be enrolled as a beneficiary under Ayushman Bharat Scheme (PM-JAY) with a health insurance cover of 5 lakh.

The premium amount for these children till the age of 18 years will be paid by PM CARES.

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