Cabinet savings program to give kids in need NT$540,000 on 18th birthday

The China Post
Date: April 5, 2017
By: The China Post news staff

The government will soon launch a program that aims to make NT$540,000 available to

The Cabinet announced on Children’s Day its plan to establish a government-sponsored savings program for underprivileged kids (CNA)

underprivileged children at the age of 18 for the purpose of higher education or starting a business.

The program would be launched sometime before June, the Executive Yuan told the Chinese-language United Evening News on Tuesday.

Under the plan, the government will save NT$15,000 in a special account designated for children who meet program qualifications.

Social welfare groups or the family members of the children will be responsible for saving another NT$15,000 in the same account every year.    [FULL  STORY]

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