PM-CARES for Children scheme – UPSC Prelims

PM-CARES for Children Scheme:
The PM-CARES for Children Scheme will support children who have lost both parents or surviving parent or legal guardian/adoptive parents due to Covid-19.
Features of the PM-CARES for Children Scheme:
  • Fixed Deposit in the name of the child:
    • PM CARES will create a corpus of Rs 10 lakh for each child when s/he reaches 18 years of age.
    • This corpus will be used to give monthly financial support from 18 years of age for the next five years.
    • 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
    • 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(RTE) norms will be given from the PM CARES.
  • School Education: for children between 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 child is to be continued under the care of Guardian. Then s/he 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(RTE) norms will be given from the PM CARES.
  • Support for Higher Education:
    • The child will be assisted in obtaining an education loan for Higher Education in India as per the existing Education Loan norms. The interest on this loan will be paid by the PM CARES.
    • As an alternative, scholarship equivalent to the course fees for undergraduate courses as per Government 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 Rs. 5 lakhs.
    • The premium amount for these children till the age of 18 years will be paid by PM CARES.
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