The central government is going to take major initiatives towards making the next generation financially strong and self -sufficient. Under this, a pension account can be opened for children. Finance Minister Nirmala Sitharaman today (18 September 2024) will launch the NPS Vatsalya Yojana at 3 pm. The scheme was announced in Budget 2024-25. An online platform will also be launched for membership of this scheme.
According to the statement issued by the Finance Ministry, along with the release of information related to the scheme, permanent retirement account number will also be entrusted to small customers joining the scheme. Under the NPS Vatsalya Yojana, parents will be able to invest in the pension account for the future of their children, which will make a big copper for them in the long term.
Investment of Rs 1,000 per year
According to the Finance Ministry, 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. This will be accessible to families with all economic backgrounds.
This new initiative has been initiated to secure the financial future of children, which is an important step in India’s pension system. The scheme will be run under the Pension Fund Regulatory and Development Authority (PFRDA). The launch of NPS Vatsalya reflects the Indian government’s commitment to promote long -term financial plans and safety for all.
