Merry Christmas Offer Use Code - SANTA20

Join Here

PM announced Rs 10 lakh PM-CARES Fund for Kids Orphaned

Published on May 31, 2021
Current Context: Prime Minister Narendra Modi announced to undertake welfare measures for the children who lost their parents due to COVID-19.
PM announced Rs 10 lakh PM-CARES Fund for Kids Orphaned
  • The children who have lost either or both the parents or legal guardians or adoptive parents due to COVID-19 will be able to receive support under the PM-CARES for Children scheme.
  • The children will be supported until they attain the age of 18 years.
  • The total corpus of the fund is Rs 10 lakh for each child.
  • The corpus amount will be given on a monthly basis when the child reaches 18 years of age, for the next five years to take care of their personal requirements.
  • At the age of 23 years, the child will get the corpus amount as a lump sum which they can use for personal or professional needs.
  • The children under 10 years will be given admissions in the nearest Kendriya Vidyalayas or private schools as day scholars.
  • If the child takes admission to a private school, the fees will be charged as per the Right to Education norms will be given from the PM CARES.
  • The children between ages 11-18 years, can take admission to any central government residential schools like Sainik Schools and Navodaya Vidyalayas.
  • The expenditures associated with buying notebooks, textbooks and uniform will be taken care of under the PM CARES Fund.
  • The children will also be enrolled under Ayushman Bharat Scheme with a health insurance cover of Rs 5 lakh till 18 years, the premium amount will be paid by PM CARES Fund.

Question: 

Q.1 PM Narendra Modi announced Rs ­­­____PM CARE Fund for the children who lost their parents due to COVID-19?
a. Rs 5 lakh
b. Rs 15 lakh
c. Rs 10 lakh
d. Rs 12 lakh
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu