– State Level Bankers’ Committee (SLBC) Meghalaya and NABARD engage over 100 students in awareness programme in Shillong –
Union Finance Minister Nirmala Sitharaman officially launched the NPS Vatsalya Scheme today, aimed at promoting financial literacy and savings among the youth of India.
As part of the launch, she introduced an online platform for subscribing to the scheme and released the official brochure. Additionally, she also distributed Permanent Retirement Account Number (PRAN) cards to new minor subscribers during the event.
The launch was marked by a successful awareness programme conducted by the State Level Bankers’ Committee (SLBC) Meghalaya and NABARD, engaging over 100 students from two schools in Shillong, Meghalaya.
An awareness programme yesterday at Kelian Memorial School, Shillong, engaged over 51 students in an interactive session designed to educate them about the importance of financial planning and the benefits of the National Pension System (NPS).
Following this, a similar program took place at Grace Academy School, Upper Lachumiere, Shillong, where an additional 60 students attended and actively participated.
About NPS Vatsalya
NPS Vatsalya 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.