What Is The Vatsalya Scheme? FM Nirmala Sitaraman Launches Child Pension Scheme

‘मतर पितर च बलकस्य वर्सल्येन सदैव पोषणं कुर्वन ्ति’, Parents always raise their children with affectionate care and ensure that their children grow up in a loving and supportive environment.

Every parent wants their children’s future to be secure, whether it be financially, emotionally, or socially. But economic factors play a key role. No one knows what the future will hold, so parents work hard to provide their children with a stable financial foundation to thrive and succeed.

NPS Vatsalya is the new pension scheme for children launched by the Central Government, which enables parents to invest in their children’s future financial security and ensure a stable and secure future for their children.

The scheme, which allows parents to contribute to their children’s superannuation funds to provide a safety net for their future, was announced in the 2024-25 federal budget and, according to the Treasury, was launched today, September 18, 2024.