India has come out with mega education and financial packages to the orphaned children who lost parents due to the COVID-19 pandemic. Prime Minister Narendra Modi on Saturday announced free education and several packages to the children, who lost parents due to COVID-19. Apart from free education, the PM CARES Fund will provide a monthly stipend once they turn 18 and a fund of Rs.10 lakh when they turn 23 and the fund will pay interest on the education loans taken from banks for higher education. The children will get free health insurance of Rs.5 lakh under Ayushman Bharat till 18 years and the premium will be paid by PM CARES Fund.
Prime Minister Modi Tweeted the details of the plan on providing education and financial packages to the orphaned children.
Supporting our nation’s future!
Several children lost their parents due to COVID-19. The Government will care for these children, ensure a life of dignity & opportunity for them. PM-CARES for Children will ensure education & other assistance to children. https://t.co/V3LsG3wcus
— Narendra Modi (@narendramodi) May 29, 2021
“Children represent the future of the country and we will do everything to support and protect the children. It is our duty, as a society, to care for our children and instil hope for a bright future,” he added.
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 the ‘PM-CARES for Children’ scheme. He also added that 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.
“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 give 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 and on reaching the age of 23 years, he or she will get the corpus amount as one lump-sum for personal and professional use,” said Prime Minister’s Office (PMO) in a statement.
“For children under 10 years: The child will be given admission in 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 the uniform, textbooks and notebooks. 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 in 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 uniform, textbooks and notebooks,” said the statement.
The PMO said that the child will be assisted in obtaining an education loan 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, scholarship equivalent to the tuition fees/ course fees for undergraduate/ 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,” said PMO detailing the scheme.
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