Yes, it can by using Family Sharing with purchase sharing, and creating a new children's Apple ID for the iPad. In this way your account can share apps you have purchased using your Apple ID and at the same time the iPad has a separate Apple ID.
See What is Family Sharing and Setup Family Sharing
See How to share purchases with your family
See How to Create a new Apple ID and Create an Apple ID for your child [under 13]
You will need to sign yourself out of your account on the iPad, then sign in with the new account and then set it up with the apps you wish it to have.