₹10 lakh fixed deposit, free health insurance and education for children who have lost both parents or surviving parent or legal guardian/adoptive parents due to covid-19.
The support will be provided under ‘PM-CARES for Children’ scheme. The government had announced that all such 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. Also, the fund will support their studies till higher education.
The government also launched a fixed deposit in the name of the child. PM CARES will contribute through a specially designed scheme to create a corpus of ₹10 lakh for each child when he