Primary school beneficiaries receive $60 a month and secondary school beneficiaries receive $95 a month.
The money is given to the children and youth through mainstream schools, family service centres, children's homes, disability homes and special homes.
A study conducted in 2009 and 2010 by the National University of Singapore department of social work to gauge the impact of the pocket money on these children and youth indicated that they are likely to do better in school, be more active in co-curricular activities and are less self-conscious about not having money.
Applicants have to meet a fixed set of criteria in order to be eligible to receive pocket money assistance.
Applicants have to fulfil the following criteria to be eligible for the Fund:
STSPMF is committed to helping children and youth who meet the eligibility criteria by providing them with school pocket money for 2 years.
The outcome of the application will depend on the assessment of the schools, social workers and STSPMF.