Tsai touts subsidy plan for disadvantaged children

Tuesday was Children's Day in Taiwan. President Tsai Ing-wen marked the occasion by announcing a new subsidy plan for children from disadvantaged backgrounds.

The president posted on her Facebook page, where she described children as the future of the nation. She said the government would soon promote a scheme called children and youth future education and development accounts.

The scheme targets children in foster homes and in lower income families. If a parent or guardian can save NT$15,000 (US$500) on a qualified child's behalf in one year, the government will match that amount. The money becomes available to the beneficiary when they reach the age of 18. The president said this would be a stepping stone to help the individual on the path to further education or employment.

Source: Radio Taiwan International