The Straits Times School Pocket Money Fund was started in 2000, and aims to help youth from low-income families meet their schooling needs.

Students can use the money for meals during recess or pay for transportation, among other things.

The fund benefits Singaporeans and permanent residents from families with a net per capita income of $450 or lower.

Since its inception, it has disbursed more than $42 million, and has helped over 130,000 students from low-income families.

The fund is expected to give out about $7.5 million to a record 14,000 beneficiaries this year.

To apply for the fund, families can call the ComCare helpline at 1800-222-0000.