Union Finance Minister Nirmala Sitharaman Launches "NPS Vatsalya" a Pension Scheme for Minors under the National Pension System (NPS) in New Delhi.

Goverment Scheme

Union Finance Minister Nirmala Sitharaman launched NPS Vatsalya, a new pension scheme for minors, in New Delhi. The initiative aims to provide financial security for children, enabling them to accumulate savings from a young age. Under the National Pension System (NPS), the scheme will allow parents or guardians to invest on behalf of their children, ensuring a stable income source when they reach adulthood. This program is part of the government's broader efforts to promote financial literacy and inclusion among the youth. Sitharaman emphasized the importance of early savings for future financial stability.


      The NPS Vatsalya scheme encourages responsible financial planning for children, fostering a habit of saving early in life.

      This initiative aims to enhance financial security for minors, promoting their future well-being and independence.

     

 

     


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