Have you ever heard that a government will give a monthly allowance of Rs 15,000 to every child in the country? Didn’t hear? But today we tell you that there is a country in the world where the government has made such an announcement. Let us know which country it is and which government has taken such a decision. Actually, we are talking about Taiwan. Keeping in mind the continuously falling birth rate in Taiwan, the government 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 aged 6 to 18 years in Taiwan will get a monthly allowance of 5,000 Taiwan dollars or approximately Rs 15,000.
Why was this decision taken?
The Taiwan government has taken this decision because the birth rate here is continuously falling. The government has announced this scheme to stop the falling birth rate in Taiwan. According to a report by CNBC TV18, the government will also appoint professionals to manage these accounts. According to the report, children will not only get ₹ 15,000 in these accounts, but will also get interest on two-year FD, which will provide financial help.
What is Child Investment Scheme?
This scheme of Taiwan government will serve as monthly child allowance for children. Children below 18 years of age will get this benefit. Under this model, the government works to create an investment or savings fund in the name of the children. In many cases, parents are also given the option to contribute. The objective of this scheme is to ensure that when children grow up, they have a strong financial base for their education, career or other needs.
Are there such schemes in India also?
Such a scheme has also been discussed in India. There are savings schemes like Sukanya Samriddhi Yojana and Public Provident Fund (PPF), but the government’s direct investment-based child fund model is yet to be 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 be a big support for middle class and lower middle class families.
