<h1>New NPS Vatsalya Scheme Launches to Promote Early Financial Planning for Children with Flexible Contributions.</h1> The Union Finance Minister will launch the NPS Vatsalya Scheme on September 18, 2024, in New Delhi, with nearly 75 locations participating virtually. The scheme, announced in the Union Budget 2024-25, aims to promote early financial planning for children by allowing parents to invest in a pension account. It offers flexible contributions, starting at Rs. 1,000 annually, making it accessible to families of all economic backgrounds. The initiative, managed by the Pension Fund Regulatory and Development Authority, underscores the government's commitment to enhancing financial security for future generations. An online platform and PRAN cards will also be introduced during the launch.