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New Delhi. Raising a child in India is very expensive. Especially when you live in a metro city. It becomes financially difficult for parents to raise a child. The cost of their education is so high that the condition of the parents becomes thin in paying the fees.
Regarding this concern, a couple from Chennai recently posted on Reddit and told how financially troubled they have become while raising their child in the metropolis. The parents further said that they are struggling to save only Rs 8,000 every month. The monthly combined income of this couple is Rs 78,000. Still, savings are not being made in this. However, there is also a country where the government gives monthly financial assistance to its citizens to help in raising children.The government of this country gives financial help for raising children.
The government we are talking about is the government of Germany. The German government supports parents financially through the Kindergeld policy. A social media creator recently talked about this policy through a funny video on Instagram. The video shows a man talking to his friend and saying that he likes the idea of taking care of children, but the financial burden of raising them is too much. Then his friend explains to him about Germany’s Kindergeld policy.
What is Germany’s Kindergeld policy?
As per the rules, all parents in Germany are eligible to receive child benefits for raising their child. Under the Kindergeld policy, parents are given monthly payments, regardless of their income. It is a child benefit scheme provided by the government that provides financial assistance to parents or guardians. The government pays €250 (Rs 25,302) every month for the first two children, this amount increases to €270 (Rs 27,331) on the birth of the third child and €290 (Rs 29,345) is paid for additional children.
This policy is automatically available to German citizens and foreigners with legal residence are also eligible for it. Kindergeld is a monthly financial aid given to parents or legal guardians to cover the costs of raising children. The scheme is managed by the Familienkasse (Family Benefits Office). The aim of this policy is to support families with children. It encourages equal opportunities for children at all income levels. It also promotes higher education and vocational training.
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