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Home Society

PM-CARES for Children scheme

June 4, 2021
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In news- The children who have lost both parents or surviving parents or legal guardian/adoptive parents due to COVID-19 will be supported under the “PM-CARES for Children” scheme.

About the scheme-

    • Under PM CARES, children between 11-18 years will be given admission in 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 in a private school, the fees as per the RTE norms will be given from the PM CARES that will also pay for expenditure on uniform, textbooks and notebooks.
  • The child will be assisted in obtaining an education loan for Professional courses / Higher Education in India as per the existing Education Loan norms and the interest on this loan will be paid by the PM CARES.
  • For children who are not eligible under the existing scholarship schemes, PM CARES will provide an equivalent scholarship.
  • 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/ her personal requirements during the period of higher education.
  • On reaching the age of 23 years, he/ she will get the corpus amount as one lump-sum for personal and professional use.
  • All children will be enrolled as a beneficiary under Ayushman Bharat Scheme (PM-JAY) with a health insurance cover of Rs. 5 lakhs and the premium amount for these children till the age of 18 years will be paid by PM CARES.
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Source: The Hindu
Tags: PrelimsThe Hindu

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