2,500 needy families to get help with childcare costs
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2,500 needy families to get help with childcare costs
By Alice Chia | Posted: 15 December 2012 2023 hrsSINGAPORE: Some 2,500 low-income families will benefit from a S$250,000 initiative to help their children.
The five Commmunity Development Councils will help identify eligible families with monthly household incomes of less than S$3,500.
OCBC Bank will also contribute S$100 when a low-income family deposits the first S$50 into their Child Development Account (CDA).
Under the existing Baby Bonus scheme, the government will match the contributions to the CDA dollar for dollar.
The money in the account can then be used at approved institutions for the child's development and healthcare needs.
Acting Minister for Social and Family Development Chan Chun Sing said: "This year, we have also expanded the kinds of things that you can spend the CDA money (on). For example, it will also include early intervention programmes, visits to the doctor, medical insurance and purchase of healthcare-related products. We hope that in this small way, we can help families to defray the cost of bringing up the children, especially for the needy families."
Under the initiative, parents can also attend financial literary talks by OCBC Bank staff volunteers to learn more about money management.
- CNA/xq -
Good news for the low income families with need to place children in childcare centres.
Why that Chan is still Acting Minister? His performance no good?
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I am sure they can do better.
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hahahahhaha. money money , not easy getting them for it.
I pity the young ones, the babies and so on. When they grow up not sure if jobs are sufficient for them .
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Times are bad.
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times good or bad, if parents need to put their children in child care they need they really need it. Not possible to save this kind of money.
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hoo donkey's money if donate to these people can help them more than words spoken and wrutten by god.