Have you ever heard that a government will help every child of the country with Rs 15,000 every month? Haven’t heard.. but today let us tell you that there is a country in the world where the government has made such an announcement. Let us know which country this is and which government has taken such a decision.
Actually, we are talking about Taiwan here. In view of the continuously decreasing birth rate in Taiwan, the government here has announced a special policy for children aged 6 to 18 years. Under this scheme, investment accounts will be opened for children. Under this scheme, every child of Taiwan whose age is between 6 to 18 years. He will be given a monthly announcement of 5000 Taiwanese dollars i.e. about Rs 15000.
Why was this decision taken
The Taiwan government has taken this decision because the birth rate is continuously decreasing here. The government has announced this scheme to stop the declining birth rate in Taiwan. According to the report of CNBC TV 18, the government will also appoint professionals to manage these accounts. According to the report, children will not only get Rs 15,000 but will also get interest on FD for two years in these accounts. So that children can get financial help.
What is Child Investment Scheme?
In a way, this scheme of Taiwan government will work like monthly child allowance for children. Under this scheme, children below 18 years of age will get this facility. Under this model, the government works towards creating investment or savings funds in the name of children. In many cases, parents are also given the option to contribute. The objective of this scheme is that when the child grows up, he has a strong financial base for education, career or other needs.
Are there such schemes in India also?
There has been discussion about such schemes in India also. Although there are savings schemes like Sukanya Samriddhi Yojana and PPF, the direct investment based child fund model by the government is not yet implemented on a large scale. Experts believe that if such a model is implemented for the future of children in a big country like India, then it can become a big support for middle class and lower middle class families.
