PM Modi Announces Rs 10  Lakh For Children Orphaned By COVID

The Prime Minister's Office (PMO) said in a statement that fixed deposits will be opened in the names of such children, and the PM-CARES fund will contribute through a specially designed scheme to create a corpus of Rs 10 lakh for each of them when he or she reaches 18 years of age.

PM Modi Announces Rs 10  Lakh For Children Orphaned By COVID

News Summary

This corpus will be used to give a monthly financial support or 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.

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

New Delhi: On the eve of his government's second anniversary in its second term, Prime Minister Narendra Modi on Saturday announced a number of welfare measures for children who lost their parents to COVID-19, including ensuring a corpus of Rs 10 lakh when they turn 18 and providing for their education.

Chairing a meeting to deliberate on steps which can be taken to support such children, he said they will be supported under the "PM-CARES for Children" scheme.