Prime Minister Narendra Modi’s administration will use the PM Cares fund to create a corpus of 1 million rupees ($ 13,805) per child by the age of 18, the government said in a statement. Saturday’s statement. Children will be enrolled in the government health insurance program and the premium will be paid through the PM Cares fund until the age of 18.
The fund will also cover school needs such as school fees, uniforms and books. Once they turn 18, they will receive a monthly stipend, and at 23, the corpus will be paid in one lump sum.
Generation d Covid Orphans threatened with exploitation in India
The move comes after the world’s worst epidemic shatters families and orphaned children. In India, 27% of the population of 1.3 billion people are under the age of 14 and the country had around 350,000 orphans in institutional care before the pandemic.
The government, in another out on Saturday, announced new measures to help families who have lost a salaried member to Covid. The measures include the granting of a family pension and insurance for dependents.