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New Parenthood Assistance payment announced in Budget

June 28, 2018 6:59 pm

Mothers from families with a household income below $30, 000 will be given a grant of $1000 once their child is born.

The government has allocated five million dollars towards Parenthood Assistance Payment.

Minister for Economy Aiyaz Sayed- Khaiyum says the grant will be given irrespective of the number of new born.

“The new born is registered under the BDM office. Only upon registration and the issuance of a birth certificate a new bank account will be opened up at any participating Bank in the mothers name to receive the parenthood Assistance Payment. The first $500 will be made available immediately to the mother and those funds can go towards the purchase of whatever is required for the rearing of the child.”

Sayed-Khaiyum says the remaining five hundred dollars stay in the bank where it can earn interest and can be accessed once the child is in Year One or Primary School.

News

New Parenthood Assistance payment announced in Budget

June 28, 2018 7:51 am

Mothers from families with a household income below $30, 000 will be given a grant of $1000 once their child is born.

The government has allocated five million dollars towards Parenthood Assistance Payment.

Minister for Economy Aiyaz Sayed- Khaiyum says the grant will be given irrespective of the number of new born.

“The new born is registered under the BDM office. Only upon registration and the issuance of a birth certificate a new bank account will be opened up at any participating Bank in the mothers name to receive the parenthood Assistance Payment. The first $500 will be made available immediately to the mother and those funds can go towards the purchase of whatever is required for the rearing of the child.”

Sayed-Khaiyum says the remaining five hundred dollars stay in the bank where it can earn interest and can be accessed once the child is in Year One or Primary School.