FM Sitharaman launches NPS Vatsalya Scheme, Chandigarh students join virtually

Chandigarh/New Delhi: Union Finance Minister Smt. Nirmala Sitharaman launches NPS Vatsalya Scheme  on Thursday. The scheme will serve as a ‘Gullak’ for the students and secure their future: FM Students from 75 locations joined the main launch in New Delhi via virtual mode Chandigarh, September 19. Smt. Nirmala Sitharaman launched the NPS Vatsalya scheme yesterday at Vigyan Bhawan in New Delhi. As part of the launch in New Delhi, NPS Vatsalya events were also organised simultaneously at nearly 75 locations throughout the country, that joined through video conference.

The event in Chandigarh was held at two locations at New Public School, Sector 18 and also at Government ITI College at Sector 28, where the students joined the live event from Delhi through virtual mode. As the event was focussed at children , a magic show and a nukkar natak were also held for engaging the children prior to the programme. Senior Manager, Piyush Walia facilitated the event from Lead District Manager Office of Punjab National Bank , Chandigarh at New Public School, Sector 18 and Hari Singh Gumra, Chief Lead District Manager Chandigarh arranged the live telecast of the event at Government ITI College at Sector 28, Chandigarh.

The NPS Vatsalya  Scheme: will allow parents to save for their children’s future by investing in a pension account and ensure long-term wealth with the power of compounding. NPS Vatsalya offers flexible contributions and investment options, allowing parents to make investment of Rs. 1,000 annually in the name of the child, thus making it accessible to families from all economic backgrounds. This new initiative is designed to start early in securing financial future of children, marking 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 highlights the Government of India’s commitment to promote long-term financial planning and security for all. It’s a big step toward making India’s future generations more financially secure and independent.   (with inputs from PIB Chandigarh)