Prime Minister Narendra Modi on May 29, announced ‘PM-CARES for Children’ scheme to support children who have lost their parents due to Covid-19. While announcing these measures the Prime Minister emphasized that children represent the future of the country and the country will do everything possible to support and protect the children so that they develop as strong citizens and have 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.
1. Fixed Deposit in the name of the child : PM CARES will contribute through a specially designed scheme to create a corpus of Rs. 10 lakh for each child when he or she reaches 18 years of age. This corpus :
● Will be used to giving a monthly financial support/ 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, he or she will get the corpus amount as one lump-sum for personal and professional use.
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2. School Education: For children under 10 years :
● 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 RTE norms will be given from the PM CARES.
● PM-CARES will also pay for expenditure on uniforms, textbooks and notebooks.
● 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 RTE norms will be given from the PM CARES.
● PM-CARES will also pay for expenditure on uniforms, textbooks and notebooks.
3. 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 child is to be continued under the care of Guardian/grandparents / extended family, then he or she 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 RTE norms will be given from the PM CARES.
● PM CARES will also pay for expenditure on uniforms, text books and notebooks.
4. Support for Higher Education :
● The child will be assisted in obtaining education loans for Professional courses/Higher Education in India as per the existing Education Loan norms. The interest on this loan will be paid by the PM CARES.
● As an alternative, a scholarship equivalent to the tuition fees/course fees for under-graduate/ vocational courses as per Government 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 child will be given admission to any Central Government residential school such as Sainik School, Navodaya Vidyalaya
etc.
● In case the child is to be continued under the care of Guardian/grandparents / extended family, then he or she 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 RTE norms will be given from the PM CARES.
● PM CARES will also pay for expenditure on uniforms, text books and notebooks.
4. Support for Higher Education :
● The child will be assisted in obtaining education loans for Professional courses/Higher Education in India as per the existing Education Loan norms. The interest on this loan will be paid by the PM CARES.
● As an alternative, a scholarship equivalent to the tuition fees/course fees for under-graduate/ vocational courses as per Government 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.
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5. Health Insurance :
● All children will be enrolled as a beneficiary under Ayushman Bharat Scheme (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.
5. Health Insurance :
● All children will be enrolled as a beneficiary under Ayushman Bharat Scheme (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.
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