Singapore offers ₹53 lakh per child to encourage higher birth rates
To address its declining birth rate, Singapore has unveiled a new family support initiative. The government will provide financial aid totaling S$70,000 (roughly ₹53 lakh) for each child until they turn 17, which includes an initial S$10,000 (₹7.5 lakh) baby bonus. This comprehensive package also features childcare subsidies, housing assistance, and parental leave benefits. Prime Minister Lawrence Wong introduced these incentives following the nation's fertility rate hitting a historic low of 0.87.
by shortkt.com✓