Thread by @go4avinash

'PM CARES For Children' scheme for empowerment of COVID affected children Modi government stands with children who lost their parents due to Covid-19.

pib.gov.in/PressReleasePa…

#PMCARES 🙏

✔️ 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.

#PMCARES 🙏

- 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.

#PMCARES 🙏

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.

#PMCARES 🙏

✔️ School Education: 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.

#PMCARES 🙏

- If the child is admitted in 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, text books and notebooks.

#PMCARES 🙏

✔️ School Education: for children between 11-18 years:

- The child will be given admission in any Central Government residential school such as Sainik School, Navodaya Vidyalaya etc.

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- 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.

#PMCARES 🙏

- If the child is admitted in 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, text books and notebooks.

#PMCARES 🙏

✔️ Support for Higher Education:

- The child will be assisted in obtaining 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.

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- 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. ... (para cont'd)

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... For children who are not eligible under the existing scholarship schemes, PM CARES will provide an equivalent scholarship.

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✔️ Health Insurance

- All children will be enrolled as a beneficiary under Ayushman Bharat Scheme (PM-JAY) with a health insurance cover of Rs. 5 lakhs.

- The premium amount for these children till the age of 18 years will be paid by PM CARES.

#PMCARES 🙏