write a notice for collecting funds for the children who have become orphans due to covid.
Answers
Explanation:
All children who lost both parents or a surviving parent, legal guardian or adoptive parents due to Covid-19 will be supported by a scheme under PM Cares to create a corpus of Rs 10 lakh in the form of a fixed deposit. This corpus will be used for providing a monthly stipend for five years when the children turn 18 years of age. This stipend is expected to take care of their personal requirements during the period of higher education. At 23 years, each child will get the corpus amount as one lump-sum for personal and professional use.
This measure makes way for long-term assistance to enable the child to have the necessary financial support when s/he moves out of school and is an adult who can take decisions with regards to their future course.
It is learned that for children under 18 years, state-specific schemes may be dove-tailed. Also, if there are no guardians, children would be legally placed in child care institutions.