Atal Pension Yojana (APY) Subscribers at 69 MillSitharaman Launches MSME Outreach, Expands SIDBI in Karnatakaion, Corpus at Rs 35,149 Crore
The NPS Vatsalya Scheme, announced in the Union Budget 2024-25, will be launched by Finance Minister Smt. Nirmala Sitharaman on September 18, 2024, in New Delhi. This initiative allows parents to invest in pension accounts for their children with flexible contributions starting at Rs. 1,000 annually, offering long-term wealth building through compounding.
The scheme is designed to secure the financial future of children and will be overseen by the Pension Fund Regulatory and Development Authority (PFRDA). Nearly 75 locations across the country will participate virtually in the launch, and PRAN cards will be distributed to minor subscribers.
The scheme offers flexible contributions and investment options, making it accessible to families from all economic backgrounds. Parents can invest as little as Rs. 1,000 annually in their child’s name, ensuring financial growth through compounding.
During the launch, the Finance Minister will also unveil an online platform for subscribing to NPS Vatsalya, release a scheme brochure, and distribute PRAN cards to new minor subscribers.
This initiative is a key step in promoting long-term financial planning and securing a financially independent future for India’s younger generation, reinforcing the government’s focus on inclusive financial security.
On 1st July, 2026 Lieutenant General Rajesh Pushkar, AVSM, VSM, assumed the charge as the…
The National Payments Corporation of India (NPCI) has partnered with HSBC India and JP Morgan…
As Akashvani marks 90 years of public service broadcasting, it prepares for the centenary of…
The Ministry of Steel has granted Miniratna Category-I status to MECON Limited and it marks…
India having world's some of the most impressive bridges, from iconic sea link that connecting…
The UP Vishwakarma Shram Samman Yojana 2026 is a flagship welfare scheme by the Government…