Utility News Desk !!! The central government is going to take a big initiative towards making the next generation of the country financially strong and self-reliant. Under this, pension account can be opened for children. Finance Minister Nirmala Sitharaman will launch NPS Vatsalya Yojana today (18 September 2024) at 3 pm. This scheme was announced in Budget 2024-25. An online platform will also be launched for membership of this scheme.
According to a statement issued by the Finance Ministry, along with the release of information related to the scheme, permanent retirement account numbers will also be assigned to the small subscribers joining the scheme. Under the NPS Vatsalya scheme, parents will be able to invest in a pension account for the future of their children, which will create a big copper for them in the long term.
Investing Rs 1,000 per year
According to the Finance Ministry, the NPS Vatsalya Yojana will provide flexible contribution and investment options through which parents can invest Rs 1,000 annually in the name of the child. It will be accessible to families from all economic backgrounds.
This new initiative has been launched to secure the financial future of children, which is an important step in the pension system of India. This scheme will be run under the Pension Fund Regulatory and Development Authority (PFRDA). The launch of NPS Vatsalya reflects the Government of India’s commitment to promote long-term financial planning and security for all.