PM-CARES for Children Scheme

Prime Minister, Narendra Modi, launched a PM-CARES for Children scheme for children orphaned due to COVID-19. As per data, about 577 children have lost their parents till date.

Highlights

Measures under the scheme include free education, creation of Rs 10 lakh corpus for each child- to be given to them at the age of 23. Prime Minister emphasized, children represent future of the country and India will do everything to support and protect them.

About PM-CARES for Children scheme

1. Children who lost either parents or surviving parents or legal guardians or adoptive parents due to COVID-19 disease, will be supported through PM-CARES fund.
2. Under the PM-CARES scheme, contribution will be made through PM CARES Fund till they attain age of 18 years. Contribution will help in creating a corpus of Rs 10 lakh for them
3. They will be given a monthly stipend for five years starting from 18 years till 23 years to fulfil their personal requirements.
4. After they will attain 23 years of age, they will be given full amount of Rs 10 lakh to use it professionally or personally.
5. Scheme will ensure free education for such kids by giving them admissions in nearest Kendriya Vidyalayas or private schools fees for which will be given from PM CARES fund.
6. Provisions are there for educating kids between 11 to 18 years in residential schools like Sainik Schools and Navodaya Vidyalayas.
7. All expenditure concerned with child’s education such as expenditure on notebooks, textbooks and uniform will be made through PM CARES Fund.
8. Students going for higher education will be given education loans for which PM CARES will pay interest and scholarships.
9. They will also be enrolled under Ayushman Bharat Scheme to provide them health insurance cover of Rs 5 lakh till 18 years. Premium will be made by PM CARES Fund

Month: Current Affairs - May, 2021