#NPS Vatsalya Scheme

[utipension]

NPS Vatsalya Scheme: Features, Benefits, and Eligibility

Planning for your child's future is a priority for every parent, and financial security plays a pivotal role in that preparation.

The NPS Vatsalya Scheme, designed specifically for minors, offers a self-contributory pension system comprehensive to ensure a smooth transition to a financially secure adulthood.

Regulated by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme provides flexibility, investment options, and long-term benefits ideal for building a stable financial foundation for your child.

[jaagrukbharat]

NPS Vatsalya Scheme: Full Details, Calculator, Tax Benfits, Interest Rate

The National Pension System (NPS) is a government-initiated retirement saving scheme that helps people save for their old age. This govt scheme has a unique addition named NPS Vatsalya offering more advantages and aid to the beneficiaries. If you are considering joining it, then this article will explain NPS Vatsalya Scheme Eligibility, NPS Vatsalya Benefits, and NPS Vatsalya Interest Rate in detail.

[dailynewztimes]

NPS Vatsalya Yojana 2024: कैसे करें 1000 रुपये से निवेश और पाएं अधिक रिटर्न, समझें पूरा कैलकुलेशन

NPS Vatsalya Yojana 2024: भारत सरकार ने 18 सितंबर 2024 को वित्त मंत्री निर्मला सीतारमण द्वारा एक महत्वपूर्ण योजना, एनपीएस वात्सल्य योजना (NPS Vatsalya Scheme) की घोषणा की। इस योजना का उद्देश्य बच्चों के लिए लंबी अवधि की बचत और पेंशन की सुविधा प्रदान करना है, जो न केवल उनके भविष्य को सुरक्षित बनाती है बल्��ि रिटायरमेंट के समय आर्थिक सहारा भी देती है। यह योजना पेरेंट्स और गार्जियन्स को अपने बच्चों…

[bhaskarlive]

Explained: What is NPS Vatsalya pension scheme for your children

In a significant move to secure the financial future of young children in India, the government has launched the NPS Vatsalya pension scheme, which offers flexible contributions and investment options for parents or guardians.

Announced in the Union Budget 2024-25, the National Pension System Vatsalya (NPS Vatsalya) scheme is designed exclusively for minors, marking a significant advancement in financial planning.

Source: bhaskarlive.in

[news365timesindia]

[ad_1] PHDCCI, under the aegis of its Banking, Financial Services and Insurance (BFSI) Committee and in collaboration with Pension Fund Regulatory and Development Authority (PFRDA) organized an Interactive session on National Pension System (NPS): Importance of Retirement Planning on 6th December, 2024 from 3.00 pm – 5.00 pm at PHD House, New Delhi. The awareness programme underscored the pivotal role of retirement planning and aimed to encourage corporate entities and individuals to adopt NPS for long-term financial security. Present on this occasion were senior officials of PFRDA including Ms. Mamta Shankar, Whole Time Member, PFRDA; Mr. Shachindra Nath, Chair, BFSI Committee, PHDCCI & Vice Chairman and Managing Director of UGRO Capital; Mr. Sumit Kumar, Chief General Manager, PFRDA; Mr. Sanil Nair, Director-Commercial, Mercer Consulting (India) Private Limited; Mr. Sumit Mohindra, CEO, ICICI Pension Management Co. Ltd.; Ms. Babeeta Sharma, Senior Secretary & HOD- BFSI Committee, PHDCCI and Mr. Sanjay Ahuja, Joint Secretary, PHDCCI. During her keynote address, Ms. Mamta Shankar, Whole Time Member, PFRDA stated the urgent need for adequate retirement planning in India, particularly considering the challenges posed by an aging population and changing social dynamics. She added that PFRDA has recently introduced NPS-Vatsalya, extending the benefits of NPS to minors and also mentioned that NPS is very cost effective and one of the cheapest pension products in the world. She highlighted that NPS is digitally available, portable and flexible product earning inflation beating returns. Mr. Shachindra Nath, Chair, BFSI Committee, PHDCCI & Vice Chairman and Managing Director of UGRO Capital said that retirement planning is very important for every individual. He emphasised that younger and future generations of India should contribute to the NPS for a better savings that will equally contribute to the growth capital as well as debt capital of the country. The event featured notable discussions on the benefits of the NPS retirement scheme, led by Mr. Sumit Kumar, Chief General Manager, PFRDA. Mr. Sanil Nair, Director-Commercial, Mercer Consulting (India) Private Limited, shared insights on Importance of Financial/Retirement Planning, highlighting Global trends and India pension landscape. Additionally, Mr. Sumit Mohindra, CEO, ICICI Pension Management Co. Ltd., elaborated on the process of corporate onboarding under NPS and its advantages for corporates and its employees. Attendees were able to engage directly with industry leaders and experts. This programme was a part of PFRDA’s ongoing efforts to enhance corporate participation in NPS and extend its benefits to a broader audience. Corporate entities, SMEs, and professionals were invited to join this interactive session and explore the vast opportunities offered by NPS for both employers and employees. Ms. Babeeta Sharma, Senior Secretary & HOD- BFSI Committee, PHDCCI moderated the session and gave formal vote of thanks for the programme. [ad_2] Source link

[news365times]

[ad_1] PHDCCI, under the aegis of its Banking, Financial Services and Insurance (BFSI) Committee and in collaboration with Pension Fund Regulatory and Development Authority (PFRDA) organized an Interactive session on National Pension System (NPS): Importance of Retirement Planning on 6th December, 2024 from 3.00 pm – 5.00 pm at PHD House, New Delhi. The awareness programme underscored the pivotal role of retirement planning and aimed to encourage corporate entities and individuals to adopt NPS for long-term financial security. Present on this occasion were senior officials of PFRDA including Ms. Mamta Shankar, Whole Time Member, PFRDA; Mr. Shachindra Nath, Chair, BFSI Committee, PHDCCI & Vice Chairman and Managing Director of UGRO Capital; Mr. Sumit Kumar, Chief General Manager, PFRDA; Mr. Sanil Nair, Director-Commercial, Mercer Consulting (India) Private Limited; Mr. Sumit Mohindra, CEO, ICICI Pension Management Co. Ltd.; Ms. Babeeta Sharma, Senior Secretary & HOD- BFSI Committee, PHDCCI and Mr. Sanjay Ahuja, Joint Secretary, PHDCCI. During her keynote address, Ms. Mamta Shankar, Whole Time Member, PFRDA stated the urgent need for adequate retirement planning in India, particularly considering the challenges posed by an aging population and changing social dynamics. She added that PFRDA has recently introduced NPS-Vatsalya, extending the benefits of NPS to minors and also mentioned that NPS is very cost effective and one of the cheapest pension products in the world. She highlighted that NPS is digitally available, portable and flexible product earning inflation beating returns. Mr. Shachindra Nath, Chair, BFSI Committee, PHDCCI & Vice Chairman and Managing Director of UGRO Capital said that retirement planning is very important for every individual. He emphasised that younger and future generations of India should contribute to the NPS for a better savings that will equally contribute to the growth capital as well as debt capital of the country. The event featured notable discussions on the benefits of the NPS retirement scheme, led by Mr. Sumit Kumar, Chief General Manager, PFRDA. Mr. Sanil Nair, Director-Commercial, Mercer Consulting (India) Private Limited, shared insights on Importance of Financial/Retirement Planning, highlighting Global trends and India pension landscape. Additionally, Mr. Sumit Mohindra, CEO, ICICI Pension Management Co. Ltd., elaborated on the process of corporate onboarding under NPS and its advantages for corporates and its employees. Attendees were able to engage directly with industry leaders and experts. This programme was a part of PFRDA’s ongoing efforts to enhance corporate participation in NPS and extend its benefits to a broader audience. Corporate entities, SMEs, and professionals were invited to join this interactive session and explore the vast opportunities offered by NPS for both employers and employees. Ms. Babeeta Sharma, Senior Secretary & HOD- BFSI Committee, PHDCCI moderated the session and gave formal vote of thanks for the programme. [ad_2] Source link

[ambitiousbaba]

NPS Vatsalya Scheme

NPS Vatsalya Scheme The NPS Vatsalya Scheme, introduced in September 2024, is a part of the National Pension System (NPS). It is a government initiative designed to promote long-term financial security for minors. The administration of the scheme is overseen by the Pension Fund Regulatory and Development Authority (PFRDA). It allows parents and guardians to invest in their children’s retirement…

[rapidfly369]

September Current Affairs For Bank Coaching Success

September current affairs is here. As we all know, bank exams are comparatively tough if you are unprepared. Current affairs are among the most critical topics in your bank exam preparation journey. Staying updated on current affairs is essential, not just an option. A strong knowledge of current affairs is necessary to prepare for IBPS RRB or other banking exams. Enroll in our best online bank coaching to stay updated. Our expert mentors help you achieve your dream job. Let’s read more about September current affairs.

Bank Coaching September Current Affairs 

Most Important September current affairs are listed here:

1 What is the primary objective of the ‘NPS Vatsalya scheme,’ recently launched by the Finance Minister of India?

[A] To help the parents and guardians plan for their children’s future financial needs [B] To offer the education loans to students for higher education [C] To provide health insurance to tribal families

Correct Answer: A [To help parents and guardians plan for their children’s future financial needs]

Notes:

Nirmala Sitharaman, the Union Finance Minister, launched the NPS Vatsalya scheme for minors on 17 September 2024 in New Delhi. The event was attended by schoolchildren and held in 75 locations across India. The scheme was initially announced in the 2024-25 union budget. NPS Vatsalya is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

2. What is the theme of “8th INDIA WATER WEEK 2024”?

[A] Water Cooperation – Coping with 21st Century Challenges [B] Water Security for Sustainable Development with Equity [C] Partnership and cooperation for inclusive water development and management

Correct Answer: C [Partnership and cooperation for inclusive water development and management]

Notes:

President Draupadi Murmu inaugurated the 8th India Water Week on 17 September 2024 in New Delhi. The event runs from 17 to 20 September 2024 and is held at Bharat Mandapam. The Union Jal Shakti Minister, Gajendra Singh Shekhawat, was present at the inauguration. India Water Week is based on Stockholm Water Week and focuses on water management and cooperation. The International Wash Conference 2024 is also taking place alongside the event. The theme is “Partnerships and Cooperation for Inclusive Water Development and Management.”

3.“Subhadra Scheme,” recently seen in the news, is the largest women-centric scheme of which state?

[A] Uttar Pradesh [B] Odisha [C] Bihar

Correct Answer: B [Odisha]

Notes:

Prime Minister Narendra Modi launched Odisha’s Subhadra Yojana on his 74th birthday, alongside railway and highway projects. Subhadra Yojana aims to empower women, offering 50,000 rupees over five years to eligible women aged 21-60. Over one crore women will benefit, with 1,250 crore rupees transferred to 25 lakh women. He also inaugurated railway and highway projects worth 2,800 crore and 1,000 crore rupees.

Modi launched the Awaas+ 2024 app and new PMAY guidelines.

4. Recently, the Prime Minister of India inaugurated the “Tuticorin International Container Terminal” in which state?

[A] Kerala [B] Gujarat [C] Tamil Nadu

Correct Answer: C [Tamil Nadu]

Notes:

The Tuticorin International Container Terminal in Tamil Nadu was inaugurated, described as a crucial part of India’s marine infrastructure. The terminal enhances the capacity of the V.O. Chidambaranar Port, contributing to India’s goal of becoming a developed nation. It has a deep draft of over 14 meters and a 300-meter-long berth, helping reduce logistics costs and save foreign exchange. The terminal promotes gender diversity, with 40% of its workforce women. Tamil Nadu plays a vital role in India’s economic growth, with significant investments in port development, including an Outer Harbour Container Terminal. The port is also recognized for its role in Green Hydrogen and offshore wind energy. India’s vast transportation network positions it as a critical player in the global supply chain.

5 Who has recently been appointed Director General Sashastra Seema Bal (SSB)?

[A] Vikrant Thakur [B] Daljit Singh Chaudhary [C] Amrit Mohan Prasad

Correct Answer: C [Amrit Mohan Prasad]

Notes:

A senior Indian Police Service (IPS) officer from the Odisha cadre, Amrit Mohan, has been appointed Director General of Sashastra Seema Bal (SSB). He serves as Special Director General of the Central Reserve Police Force (CRPF). His appointment is approved until his superannuation on August 31, 2025. Sashastra Seema Bal (SSB) guards India’s borders with Nepal and Bhutan, preventing cross-border crime and smuggling. SSB’s headquarters, Force Headquarters (FHQ), is in New Delhi, led by a Director-General. An Additional Director-General supports the Director-General, and senior officers manage various directorates.

6.where was the third edition of the INDUS-X Summit held?

[A] Russia [B] United States [C] Australia

Correct Answer: B [United States]

Notes:

The third INDUS-X Summit concluded in the US, advancing joint defense innovation between India and the US. It was launched in 2023 during the Indian Prime Minister’s state visit to the US. The goal is to expand strategic tech partnerships and defense cooperation between governments, businesses, and academic institutions in both countries. INDUS-X will serve as a defense innovation bridge involving joint challenges, innovation funds, and industry collaborations. Focus areas include co-producing jet engines, long-range artillery, and infantry vehicles. It is led by iDEX (India) and DIU (US).

7. What is the name of the operation recently launched by India to provide humanitarian assistance to the countries affected by Typhoon Yagi?

[A] Operation Vikas [B] Operation Sadbhav [C] Operation Veer

Correct Answer: B [Operation Sadbhav]

Notes:

India launched Operation Sadbhav to provide humanitarian aid to Myanmar, Laos, and Vietnam, affected by Typhoon Yagi. These countries faced massive floods this year due to Asia’s most powerful storm. India sent 10 tonnes of aid to Myanmar via INS Satpura, including dry rations, clothing, and medicines. A military aircraft delivered 35 tonnes of aid to Vietnam and 10 tonnes to Laos, including gensets, water purifiers, hygiene items, mosquito nets, blankets, and sleeping bags. India’s quick response aligns with its ‘Act East Policy’ and its broader effort in Humanitarian Assistance and Disaster Relief (HADR) within ASEAN.

8.Which ministry recently launched the ‘BHASKAR initiative’ to provide comprehensive support to entrepreneurs?

[A] Ministry of Commerce and Industry [B] Ministry of Science and Technology [C] Ministry of Communication

Correct Answer: A [Ministry of Commerce and Industry]

Notes:

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a digital platform called ‘Bhaskar’ to boost India’s startup ecosystem. The platform is part of the Bharat Startup Knowledge Access Registry (BHASKAR) initiative under the Startup India program. It is designed to centralize and enhance collaboration among startups, service providers, investors, mentors, and government bodies. The initiative aligns with India’s goal of becoming a global innovation and entrepreneurship leader. India has over 1,46,000 DPIIT-recognized startups, and BHASKAR aims to provide a one-stop digital solution for the challenges entrepreneurs and investors face.

9 Where was the fourth edition of ‘Global Bio-India 2024’ recently organized?

[A] Bengaluru [B] Hyderabad [C] New Delhi Correct Answer: C [New Delhi]

Notes:

The 4th Global Bio-India 2024 event concluded on 14 September 2024 in New Delhi. It was a three-day event showcasing India’s potential in biotech research, development, and manufacturing. The event has been held annually since 2021.

10 What is the theme of “World Ozone Day 2024”?

[A] Montreal Protocol: Advancing Climate Action [B] Global Cooperation Protecting Life on Earth [C] Keep Cool and Carry On

Correct Answer: A [Montreal Protocol: Advancing Climate Action]

Notes:

Since 1995, World Ozone Day has been celebrated on September 16th to raise awareness about ozone depletion. In India, the ozone cell under the Ministry of Environment, Forest, and Climate Change is observed at national and state levels on this day. The UN established the day in 1994 to commemorate the signing of the Montreal Protocol on 16th September 1987. The first World Ozone Day was observed in 1995. The 30th World Ozone Day 2024 theme is “Montreal Protocol: Advancing Climate Actions,” highlighting the protocol’s role in protecting the ozone layer and promoting climate action.

[twnenglish]

NPS Vatsalya Scheme: How to Invest and Withdraw | Benefits and Eligibility Explained

In today's ever-changing financial landscape, securing a child’s future has become more critical than ever. Recognizing this need, the Government of India introduced the NPS Vatsalya Scheme in September 2024, a revolutionary initiative aimed at helping parents build a robust financial foundation for their minor children.

As announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman, the scheme allows parents and legal guardians to open pension accounts for their children under the age of 18, offering a long-term, systematic savings platform.

This innovative pension scheme is designed to capitalize on the power of compound interest, fostering a savings habit from an early age and creating a substantial retirement corpus for the child.

With contributions starting from as low as ₹1,000 annually, NPS Vatsalya ensures that even parents with limited financial means can secure their child’s financial future.

In addition to flexibility in investment options ranging from equities to government bonds, the scheme also offers significant benefits, such as tax-free withdrawals upon maturity, which could potentially lead to greater financial security in the long run.

As of September 2024, the scheme has already gained traction among Indian parents, with a focus on building long-term savings for their children’s education, medical needs, and even retirement.

Through this blog, we will explore the NPS Vatsalya Scheme’s key features, eligibility criteria, and investment options, providing you with a comprehensive guide to securing your child’s financial future.

NPS Vatsalya Scheme: Securing Your Child's Future, Today!

Planning for your child's future is an essential responsibility. The recently launched NPS Vatsalya scheme offers a unique opportunity to start early and build a substantial retirement corpus for your child. This informative guide delves into the details of the NPS Vatsalya scheme, explaining its eligibility criteria, investment options, withdrawal rules, and the potential benefits it offers.

Read More

[financialfriend123]

Should I Invest in NPS Vatsalya for My Child?

Parents today are increasingly concerned about securing their children’s financial future. With a variety of investment options available, one that stands out is the NPS (National Pension System) Vatsalya scheme, a child-centric variant of the traditional NPS. This article will help you navigate whether investing in NPS Vatsalya is a good decision for your child’s future.

What is NPS Vatsalya?

NPS Vatsalya is a special pension scheme designed for children. It is part of the broader NPS, which is a government-backed pension scheme in India. The NPS Vatsalya scheme focuses on long-term investment to ensure your child receives financial benefits when they need it most, especially during retirement. It’s designed to provide a substantial corpus with tax-saving benefits, making it a potentially valuable investment.

Key Features of NPS Vatsalya

Long-Term Investment: The scheme promotes disciplined savings over the long term, which can help your child build a secure financial future.

Tax Benefits: Investments in NPS Vatsalya offer significant tax deductions under Section 80C and Section 80CCD of the Income Tax Act.

Choice of Investment: Investors have the flexibility to choose their fund manager and investment options.

Market-Linked Returns: NPS investments are linked to the market, allowing your child to benefit from market appreciation.

Lock-in Period: There is a lock-in period until the child reaches the age of 60, ensuring long-term savings.

Why Consider NPS Vatsalya for Your Child’s Future?

The financial landscape is becoming more uncertain, with inflation and increasing education costs creating additional burdens on families. Here's why NPS Vatsalya could be an ideal choice:

1. Financial Security in the Long Term

Investing in NPS Vatsalya ensures your child has a financial safety net when they reach retirement age. The long-term nature of this investment guarantees that your child benefits from compound interest and market growth, providing a substantial corpus for their golden years. The early you start investing in this scheme, the larger the corpus grows due to the power of compounding.

2. Tax Benefits that Reduce Your Tax Liability

One of the most attractive aspects of the NPS Vatsalya scheme is its tax-saving potential. Contributions are eligible for deductions under Section 80C (up to ₹1.5 lakh) and Section 80CCD (1B) (up to ₹50,000), significantly lowering your taxable income. These tax benefits can lighten the burden on your current finances while still ensuring your child’s future is secure.

3. Flexibility in Investment Choices

The NPS Vatsalya scheme offers considerable flexibility. Investors can choose the mix between equity and debt funds based on their risk appetite. Equity investments provide higher returns but come with volatility, whereas debt funds offer more stable returns. This flexibility means that you can tailor the investment to match your child's financial needs and future goals.

4. Low Cost, High Returns

One of the distinguishing factors of NPS Vatsalya is its low management costs. With an expense ratio significantly lower than mutual funds or other investment schemes, more of your money is invested in generating returns. The market-linked returns have historically shown positive performance, offering better returns compared to traditional pension plans. This means that over the long term, the NPS Vatsalya can potentially generate higher returns, ensuring that your child’s financial future is secure.

How to Invest in NPS Vatsalya

Investing in NPS Vatsalya is simple and straightforward. Here's a step-by-step guide to get started:

Open an NPS Account: Visit any authorized POP (Point of Presence) or open an NPS account online via the NPS Trust website or authorized platforms.

Submit Documents: Provide necessary documents such as your PAN card, Aadhaar card, photograph, and proof of residence.

Choose Fund Manager and Asset Allocation: Select your fund manager and decide how much of your contribution will go into equity and debt funds.

Start Investing: Once your account is set up, you can start making regular contributions to the NPS Vatsalya scheme. Contributions can be made monthly, quarterly, or annually.

Monitor Performance: Keep track of your investment portfolio through annual statements or via the NPS online platform.

What are the Drawbacks of NPS Vatsalya?

While the NPS Vatsalya scheme offers numerous benefits, it also comes with a few limitations that investors should be aware of:

1. Lock-in Period

The funds invested in the NPS Vatsalya scheme are locked in until your child reaches the age of 60. This long lock-in period can be a disadvantage if you need access to the funds for emergencies or major life events like education or marriage. Although partial withdrawals are allowed under specific circumstances, they are limited and come with restrictions.

2. Market Risks

Although NPS Vatsalya is a long-term investment scheme, it is still subject to market volatility. The portion of your investment in equity can see fluctuations based on the stock market's performance. While this can lead to higher returns, it also carries the inherent risk of loss, especially in the short term.

3. Lack of Liquidity

Unlike other investment options such as mutual funds or PPF (Public Provident Fund), NPS Vatsalya has limited liquidity. The strict lock-in period limits your ability to access the funds before retirement, making it less suitable for those who might need the money for other financial goals before that time.

Who Should Invest in NPS Vatsalya?

The NPS Vatsalya scheme is ideal for parents who are looking to secure their child's retirement at an early age. If you have a long-term investment horizon and want to benefit from tax savings, this scheme could be an excellent option. It’s particularly suitable for parents who want to take advantage of market growth while keeping costs low.

However, if you foresee needing liquidity or more flexible financial options for your child’s education, marriage, or other significant life events, it may be better to consider other investment avenues alongside or instead of NPS Vatsalya.

Conclusion: Is NPS Vatsalya Worth It?

In conclusion, NPS Vatsalya offers a strong investment option for securing your child’s financial future, particularly for retirement. The combination of tax benefits, market-linked returns, and long-term security makes it an attractive choice for parents. However, the lock-in period and market risks are considerations that must be weighed carefully.

If your goal is to create a retirement corpus for your child with low management fees and tax efficiency, then NPS Vatsalya is worth considering. For parents looking for more flexible investment options for mid-term goals, you may want to balance it with other financial instruments.

For more personalized advice, feel free to contact Financial Friend.

[karuppuezhutthu-blog]

ஆண்டுக்கு ரூ.50,000 செலுத்தினால் 18 வயதில் ரூ.25 லட்சம், 60 வயதில் ரூ.12.5 கோடி! -  ‘என்பிஎஸ் வத்சல்யா’ திட்டம் | NPS Vatsalya Pension Scheme for Minors explained in tamil

புதுடெல்லி: ‘என்பிஎஸ் வத்சல்யா’ திட்டம் குறித்து மத்திய அரசு வெளியிட்ட தகவல்கள்: நீண்டகால நிதிப் பாதுகாப்பை வலுப்படுத்துவதையும் சிறு வயதிலேயே சேமிப்பு பழக்கத்தை ஊக்குவிப்பதையும் நோக்கமாகக் கொண்ட திட்டமாக என்பிஎஸ் வாத்சல்யா திட்டம் அமைந்துள்ளது. மத்திய நிதி, கார்ப்பரேட் விவகாரங்கள் துறை அமைச்சர் நிர்மலா சீதாராமன் தேசிய ஓய்வூதிய முறை வத்சல்யா (NPS Vatsalya) திட்டத்தை தொடங்கி வைத்துள்ளார். இந்த…

[rightnewshindi]

NPS Vatsalya Yojana: एक हजार का निवेश, 63 लाख का मिलेगा रिटर्न; जानें एनपीएस वात्सल्य योजना के बारे पूरी जानकारी

NPS Vatsalya Yojana: एक हजार का निवेश, 63 लाख का मिलेगा रिटर्न; जानें एनपीएस वात्सल्य योजना के बारे पूरी जानकारी #Science #Space #Archtecture #SocialMedia #Finance #law #News #Press #Humour #Pets #Gaming #Code #Music #photograpahy #RightNewsIndia #RightNe

NPS Vatsalya Yojana: मां-बार अपने बच्चे के भविष्य की चिंता होती है. इसके लिए माता-पिता कई योजनाओं और इंश्योरेंस कंपनियों में निवेश करते हैं. अब बच्चों के भविष्य को सुरक्षित करने के लिए भारत सरकार एनपीएस वात्सल्य योजना (NPS Vatsalya Scheme) लाई है. एनपीएस वात्सल्य योजना के तहत नाबालिग बच्चों का पेंशन अकाउंट खोला जाएगा. इस स्कीम में माता-पिता बच्चों के लिए निवेश कर सकते हैं. बड़े होने पर ये एनपीएस…

[bhaskarlive]

Finance Minister Sitharaman to launch new pension scheme ‘Vatsalya’ for children today

Finance Minister Nirmala Sitharaman will launch the New Pension Scheme (NPS) ‘Vatsalya’ on Wednesday here, which will be joined by school children, according to an official statement from the Ministry of Finance.

Announced in the Union Budget 2024, the scheme will allow parents to contribute a certain amount on behalf of their children towards National Pension Scheme (NPS) to secure their future and help them develop a retirement fund.

Source: bhaskarlive.in

[indiaepost]

Launch of NPS Vatsalya: PM Modi hailed for securing financial future of young citizens

 Finance Minister Nirmala Sitharaman on Tuesday announced that a New Pension Scheme (NPS) ‘Vatsalya’, a plan for contribution by parents and guardians for minors, will soon be launched by the government. The plan can be seamlessly converted into a normal NPS account on minors becoming an adult, the Finance Minister stated during her budget speech. “The launch of NPS-Vatsalya, allowing parents…

[bhaskarlive]

Finance Minister to launch New Pension Scheme ‘Vatsalya’ for children on Sep 18

Finance Minister Nirmala Sitharaman is scheduled to launch the New Pension Scheme (NPS) ‘Vatsalya’ in New Delhi on September 18, which will be joined by schoolchildren.

Announced in the Union Budget 2024, the scheme will allow parents to contribute a certain amount on behalf of their children towards NPS to secure their future and help them develop a retirement fund.

Source: bhaskarlive.in

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New Government Schemes and Programs Announced in Union Budget 2024-25

Union Budget 2024-25 outlined a comprehensive vision for India's transformation into a 'Viksit Bharat' or Developed India by 2047. The budget prioritized nine key areas: agriculture, employment, skilling, human development, manufacturing, services, urban development, energy security, infrastructure, innovation, and next-generation reforms.

The budget was underpinned by a strong focus on inclusive growth, with significant allocations for sectors like agriculture, education, healthcare, and social welfare. It emphasized job creation, skill development, and infrastructure development as crucial drivers of economic growth. Additionally, the budget prioritized energy security through investments in renewable energy sources and nuclear power.

To achieve the ambitious goal of a developed India, the government introduced several flagship schemes, including the Purvodaya plan for the eastern region, the PM Surya Ghar initiative for rooftop solar, the Atmanirbhar Oil Seeds Abhiyan, employment-linked incentive schemes, a new skilling program, the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, a credit guarantee scheme for MSMEs, and NPS Vatsalya.

These initiatives are designed to address specific challenges and create opportunities across various sectors of the economy.

Overall, Budget 2024-25 presented a roadmap for India's progress towards becoming a developed nation, with a strong emphasis on inclusive growth, job creation, and infrastructure development.

Explore the Full List of Schemes from the 2024-25 Union Budget

Viksit Bharat: The Blueprint for a Developed India

The Union Budget 2024-25 introduced the ambitious vision of 'Viksit Bharat' (Developed India) by 2047. This overarching goal encompasses a multi-faceted approach to propel India towards economic prosperity, social progress, and environmental sustainability.

Purvodaya: Developing India's Eastern Region

A cornerstone of the Viksit Bharat initiative is the 'Purvodaya' plan, designed to accelerate the development of India's eastern region. States like Jharkhand, Bihar, Odisha, West Bengal, and Andhra Pradesh will be at the heart of this development push.

Infrastructure Development: Significant investments in transportation, energy, and digital connectivity are planned to improve the region's infrastructure.

Human Capital Development: Focus on education, healthcare, and skill development will be crucial to enhancing the region's human capital.

Economic Growth: The government aims to create a conducive environment for businesses and industries to thrive, generating employment opportunities and boosting economic growth.

By transforming the eastern region into a growth engine, the government aims to reduce regional disparities and contribute significantly to India's overall development.

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