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Benefits Under The PM Cares For Children Scheme

Benefits Under The PM Cares For Children Scheme:

Prime Minister Narendra Modi has released benefits under the PM Cares for children scheme that supports those who lost their parents during Covid-19 pandemic.

  • Launched in May 2021.
  • The scheme has been launched for support & empowerment of Covid affected children.
  • Eligibility: All children who have lost both parents or surviving parent or legal guardian/adoptive parents due to Covid 19 will be supported under the scheme.
  • Features of the scheme:
    • A corpus of Rs 10 lakh for each child: This corpus will be used to give a monthly stipend from 18 years of their age, for the next five years 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.
    • School Education: For children under 10 years: Admission will be given in the nearest Kendriya Vidyalaya or in a private school as a day scholar.
    • 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.
    • Support for Higher Education: The child will be assisted in obtaining an education loan for Professional courses / Higher Education in India as per the existing Education Loan norms.
    • 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.

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