PM Cares: Modi announces student loans, monthly stipend for Covid orphans


Students who have lost both parents to Covid-19 will receive a monthly allowance of Rs 4,000 per month, Prime Minister Narendra Modi announced on Monday. The monthly stipend will be paid under the PM Cares for Children program, Modi said.

“If anyone needs an education loan for vocational courses or for higher education, PM cares will also help. Rs 4,000 has also been arranged for them every month through other schemes for other daily needs,” he said.



“Young people between the ages of 18 and 23 will get a stipend every month and when they turn 23, they will get the amount of Rs 10 lakhs,” he added. Modi said PM Cares for Children reflected every citizen standing by their side. The Prime Minister said that under the scheme, if anyone needed a student loan for vocational courses, for higher education, then PM Cares would also help them. Modi transferred scholarships to school children.

Also, PM Cares for Children booklet and health card under Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana were given to children during the program.

He said the PM Cares fund had also helped a lot in preparing hospitals, buying ventilators and setting up oxygen plants during the Covid pandemic. “Thanks to this, many lives could be saved and the future of many families could be saved,” he said. .

He said in this atmosphere of negativity during the pandemic, India was counting on its strength.

“We trusted our scientists, our doctors and our young people. And, we came out as a beacon of hope, not a worry to the world. We did not become the problem, but we became the solution provider,” he added.

He also said that following the negative impact of Covid, India has become one of the fastest growing economies in the world.

Motivating children who have lost their parents in the pandemic, Prime Minister Modi said even in the greatest atmosphere of despair, “if we believe in ourselves, then a ray of light is definitely visible. Our country itself is the greatest example of this.”

He said India was sending medicines and vaccines to countries all over the world.

“Even in such a big country, we brought the vaccine to all citizens,” he added.

“We brought vaccines to our citizens; approximately 200 million doses of vaccine have been administered in the country,” he added.

He added that no one could have imagined earlier the heights that India has reached over the past eight years.

“Today the pride of India has risen in the world, the power of our India has risen in global forums. And I am happy that youth power is leading this journey in India,” he added.

The Prime Minister also said that the country was breaking out of the vicious cycle of corruption and regional discrimination, in which it was trapped before 2014.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Comments are closed.