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PM-CARES for Children scheme: Govt announces Rs 10 lakh fund, free education for kids orphaned due to COVID

The children will get a monthly stipend once they turn 18 and a fund of Rs 10 lakh when they turn 23 from PM-CARES.

May 29, 2021 / 06:48 PM IST
File image of PM Modi

File image of PM Modi

Prime Minister Narendra Modi on May 29 announced that those children who have lost both parents or guardian due to COVID-19 will be supported under the ‘PM-CARES for Children’ scheme.

The prime minister said that such children will get a monthly stipend once they turn 18 and a fund of Rs 10 lakh when they turn 23 from PM-CARES.

"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 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," said the official statement.

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.


COVID-19 Vaccine

Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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The PMO said that this corpus will be used to give monthly financial support from 18 years of age, for the next five years to take care of the child's personal requirements during the period of higher education.

>> On reaching the age of 23 years, the child will get the corpus amount as one lump sum for personal and professional use.

School education: For children between 11 and 18 years:

>> According to the official statement, the child 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 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.

Support for higher education:

>> The child will be assisted in obtaining an education loan for professional courses / hgher 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.

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.
Moneycontrol News
first published: May 29, 2021 06:48 pm
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