India covid-19 Government India

₹10 lakh fixed deposit for children who lost parents to Covid

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₹10 lakh ex-gratia as FDs for children below the age of 18 years whose families are below the poverty line."The government hopes that by making a fixed deposit of ₹10 lakhs per child, they can utilise the monthly interest amount of about ₹5,000 for their sustenance and fixed deposit as security for their future.

After attaining the age of 25 years they can redeem the fixed deposit amount of ₹10 lakhs for their future," a state by the CM's read.So far, 34 orphaned children have been identified in the state and issued the said fixed deposit bonds."The government has issued instructions to the medical and health department for the scheme's implementation.

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