Free Education, Rs 10 lakh fund, Monthly Stipend, and More to COVID-19 Orphans Under PM Cares for Children

Prime Minister Narendra Modi has announced a number benefits for children impacted by the current COVID pandemic. This decision to provide assistance to COVID-19 orphans has been taken after PM Modi chaired a high-level meeting on this issue. 

Who all will be supported under ‘PM Cares for Children Scheme’?

All the children in India who have:

  • lost both their parents, or
  • Surviving parent, or 
  • Legal guardian/adoptive parents to COVID

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What benefits would be provided under ‘PM Cares for Children’ Scheme?

The following benefits have been announced for the children affected by the current COVID crisis – 

1. Fixed Deposit 

A corpus of Rs. 10 lakh would be created for each child when he/she reaches the age of 18. This corpus would be used for the following purposes:

  • To provide a monthly financial support or stipend for 5 years beginning from the age of 18. The child can use this money to take care of his/her personal needs during the period of higher education.
  • The child will get the corpus as a lumpsum for personal and professional use upon reaching the age of 23 years. 

2. For Children Under 10 

  • Children under the age of 10 years who have lost their parent or guardian due to COVID will be given admission in the nearest Kendriya Vishyalaya (KV) or in a private school as a day scholar.
  • If a child gets admission in a private school, the fees (as per the RTE norms) shall be given through PM CARES.
  • Assistance for uniforms, text books, and note books shall also be provided through PM CARES

3. For Children from Ages 11 to 18 

  • Children who are between the ages of 11 and 18 will be provided admission in any of the central government residential schools like Sainik School, Navodaya Vidhyalaya, etc.
  • If a child gets admission in a private school, the fees (as per the RTE norms) shall be given through PM CARES.
  • Financial assistance for uniforms, text books, and note books shall also be provided through PM CARES

4. Financial Assistance for Higher Education

  • COVID-affected children who want to pursue higher education will be assisted in obtaining education loan for pursuing professional courses/higher education within India, as per the current education loan norms. The interest on such loans obtained shall be covered by PM CARES.
  • Alternatively, a scholarship that is equivalent to the tuition/course fees for UG/vocational courses (as per govt. norms) shall be provided under Central/State government schemes. Children who are not eligible for the existing scholarship schemes shall be provided equivalent scholarships by PM CARES.

5. Health Insurance 

  • All children shall be enrolled under the Ayushman Bharat Scheme (PM-JAY) as beneficiaries with a health insurance cover of Rs. 5 lakhs.
  • The premium amount will be paid by PM CARES (till the children turn 18 years of age)

CLICK HERE TO READ THE OFFICIAL PM CARES FOR CHILDREN SCHEME NOTICE 

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