What’s in the news?

• Prime Minister Narendra Modi released benefits under the PM CARES schemes for Children.

About the Scheme

• The scheme offers a lumpsum amount of ₹10 lakh when children turn 23 years old as well as a monthly stipend from 18 years to 23 years.
• School-going children will also receive free education, textbooks and uniforms at the nearest government schools. 
• Those in private schools may avail fee reimbursement under norms for the Right to Education Act, 2005.
• Older students can also avail free education at residential schools such as Kasturba Gandhi Balika Vidyalaya, Netaji Subhash Chandra Bose and Jawahar Navodaya Vidyalay.
• Students between Class 1 and Class 12 will also receive a scholarship of ₹20,000 per month from the Ministry of Social Justice and Empowerment.
• Students can also avail loans for professional courses and higher education for payment of interest.
• Beneficiaries can also avail health insurance cover of ₹5 lakh at public and private hospitals under the Pradhan Mantri-Jan Aarogya Yojana scheme.

Reference:

1. https://www.thehindu.com/news/national/pm-modi-releases-benefits-for-covid-19-orphans/article65477127.ece