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Published 07:47 17 Nov 2021 GMT
Updated 14:44 17 Nov 2021 GMT
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Under the scheme, mothers who spent less than three months in the institutions will receive €5,000, while those who spent 10 years or more there will be eligible for payments of €65,000.
There will also be compensation for children who spent their early years in the institutions.
Financial payments and medical cards will be given to defined groups under the scheme, which will open in 2022.
Announcing the redress plan, Ireland's Minister for Children Rodereic O'Gorman said: "There is no payment or measure that can ever fully compensate or atone for the harm done through the mother and baby institutions.
"What we have set out today is the next chapter in the state’s response to the legacy of those institutions, and its commitment to rebuilding the trust it so grievously shattered."
Last year, An Taoiseach Micheál Martin apologised on behalf of the state for the "profound generational wrong visited upon Irish mothers and their children who ended up in a Mother and Baby Home or a County Home".
He said: "I apologise for the shame and stigma which they were subjected to and which, for some, remains a burden to this day."
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