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PM Modi Announces Rs 10 Lakh Fund For Each Child Who Has Lost Both Parents To Covid

The funds will be sponsored through the ‘PM-CARES for Children’ scheme, the PMO said in a statement

PM Modi Announces Rs 10 Lakh Fund For Each Child Who Has Lost Both Parents To Covid
Prime Minister Narendra Modi | PTI
PM Modi Announces Rs 10 Lakh Fund For Each Child Who Has Lost Both Parents To Covid
outlookindia.com
2021-05-29T19:46:48+05:30

On the eve of the BJP-led Centre’s second anniversary of its second term, Prime Minister Narendra Modi on Saturday announced a slew of initiatives for children who lost both their parents to Covid-19.

The welfare measures announced by PM Modi include opening of fixed deposits, financial assistance for education and a corpus of Rs 10 lakh for each orphaned child when he/she turns 18 years old.

Modi said the new initiatives will be financed through the "PM-CARES for Children" scheme.

The move follows a meeting chaired by Modi regarding the same.

These developments come in the backdrop of the second covid wave ebbing in most parts of the country with India logging 1,73,790 new coronavirus infections and 3,617 fatalities on Friday.

The Prime Minister's Office (PMO) said in a statement that fixed deposits will be opened in the names of such children, and the PM-CARES fund will contribute through a specially designed scheme to create a corpus of Rs 10 lakh for each of them when he or she reaches 18 years of age.

This corpus will be used to give a monthly financial support or stipend from 18 years of age for the next five years to take care of his or her personal requirements during the period of higher education. On reaching the age of 23 years, they will get the corpus amount as one lump-sum for personal and professional use.

While announcing these measures, Modi emphasised that children represent the country's future and the government will do everything possible to support and protect them so that they develop as strong citizens and have a bright future.

"The PM said that 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 ‘PM-CARES for Children’ scheme," he said, according to the statement.

Highlighting measures for their education, the PMO said children under 10 years will be given admission in the nearest Kendriya Vidyalaya or in a private school as a day scholar.

Those between 11-18 years of age will be given admission in any central government residential school such as Sainik School and Navodaya Vidyalaya. In case the child remains under the care of a guardian or extended family, then he or she will be given admission in the nearest Kendriya Vidyalaya or in a private school as a day scholar.

If the child is admitted in a private school, fees as prescribed under the Right to Education Act norms will be given from the PM-CARES fund, and it will also pay for expenditure on uniform, text books and notebooks, the PMO added.

For higher education, children will be assisted in obtaining education loan for professional courses or higher education in India according to existing norms. The interest on this loan will be paid from the PM-CARES fund.

As an alternative, scholarship equivalent to the tuition fees or course fees for undergraduate and vocational courses will be provided to them under the central or state government schemes.

For children who are not eligible under the existing scholarship schemes, PM CARES will provide an equivalent scholarship.

All children will also be enrolled as a beneficiary under the Ayushman Bharat Scheme, or Pradhan Mantri Jan Arogya Yojana (PM-JAY), with a health insurance cover of Rs 5 lakh. The premium amount for these children till the age of 18 years will be paid by PM-CARES, it said.

Modi said the measures being announced have only been possible due to the generous contributions to the PM-CARES fund which will support India's fight against Covid-19.

As many as 577 children across the country were orphaned after their parents succumbed to Covid-19, Women and Child Development Minister Smriti Irani had said earlier this week citing reports of states and union territories from April 1 till May 25.

(With PTI inputs) 

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