The CDA (Child Development Account) Top-up scheme is a community initiative with the aim of providing aid
to children from less privileged backgrounds. This is done through an initial seed deposit into their CDA, which can be used primarily for educational and medical purposes at Approved Institutions until they turn the age of 13 (after which the balance is transferred to their Post-Secondary Education Account). The seed grant will attract a dollar-for-dollar matching grant from the Government thereby doubling the number of financial benefits available to these children.
ECF has pledged to $50,000 to Bishan North and $150,000 to Punggol North.
ECF implemented bursary schemes in order to help low-income families to relieve their burden of paying school fees that they are unable to afford. By doing so, the child would have access to good quality education.