Launches NPS Vatsalya Yojana in Chhattisgarh

RAIPUR,CG,INDIA: Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman launched the NPS Vatsalya Yojana in New Delhi. The scheme aims to secure the financial future of children.

The program was simultaneously organized at 75 locations across the country, with participants joining via video conference. In Chhattisgarh, the State Level Bankers' Committee (SLBC), in collaboration with NABARD, organized the NPS Vatsalya Yojana launch event in Raipur, Bilaspur, Surajpur, and Durg.

In Raipur, the event saw the presence of Rakesh Kumar Sinha, Deputy General Manager, State Bank of India, and Convenor, SLBC; B. R. Rama Krishna Naidu, Regional Head, Central Bank of India; Manoj Kumar Singh, Assistant General Manager, State Bank of India and SLBC; and other senior bank officials. Special guests included Pratyush Padrah, Director of Brahmavidya Global School, and Dr. Garima Agrawal, Administrative Officer.

Rakesh Kumar Sinha, DGM State Bank of India explained that NPS Vatsalya allows parents to invest in pension accounts for their children's future, ensuring long-term financial security. The scheme offers flexible contribution and investment options, making it accessible to all economic backgrounds, with an annual investment of ₹1,000.

He said that, this initiative is a significant step in India's pension system, promoting long-term financial planning and security for all. NPS Vatsalya is being implemented under the Pension Fund Regulatory and Development Authority (PFRDA).

The launch demonstrates the government's commitment to promoting financial security and independence for future generations.