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“PM-CARES For Children” ₹ 10 Lakh For Every Child | Assam daily Current affairs 2021

Assam daily current affairs 2021 : In todays daily Assam Current affairs season we will discuss about the recent development about “PM-CARES For Children” .

Highlights – Assam Daily Current affairs 2021

• The government of india on Saturday announced a number of measures to support children impacted by the covid19 pandemic.

• The decisions were taken at a very high-level review meeting chaired by P.M Narendra Modi to discuss and deliberate on steps which can be taken to support children who have lost their parents due to the pendemic.

• The Prime Minister Modi said that in such trying times it is our duty, as a society, to care for our children and instill hope for a bright future.

Fixed Deposit in the name of the child

• PMO said that the PM CARES will contribute through a specially designed scheme to create a corpus of ₹10 lakh for each child when the child reaches 18 years of age.

• The ₹10 lakh corpus will be used to give monthly financial support from 18-23 years of age 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 under 10 years

• The child will be given admission to 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 Right to Education norms will be given from the PM CARES.

• PM-CARES will also pay for expenditure on uniforms, textbooks, and notebooks.

School Education: for children 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 Guardian/ grandparents/ extended family looks after the child,Then he or she will be given admission to the nearest Kendriya Vidyalaya or in a private school as a day scholar.

Higher Education

• The child will be assisted in obtaining an education loan for professional courses, or Higher Education in the country as per the existing Education Loan norms.

• The interest on this loan will be paid by the PM-CARES.

• As an alternative, scholarships equivalent to the tuition fees, or the course fees for undergraduate/ vocational courses as per the government’s norms will be provided to such children under Central or State Government Schemes.

• As an alternative, scholarships equivalent to the tuition fees, or the course fees for undergraduate/ vocational courses as per the government’s norms will be provided to such children under Central or State Government Schemes.

Health Insurance

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

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

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