The Aman Sandesh Times
Chandigarh : The scheme will serve as a ‘Gullak’ for the students and secure their future said Union Finance Minister Smt. Nirmala Sitharaman
Students from 75 locations joined the main launch in New Delhi via virtual mode.
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launched the NPS Vatsalya scheme 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 today, 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, Mr 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.About the Scheme:
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. It’s a big step toward making India’s future generations more
financially secure and independent.
