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    <title>Union Finance Minister Smt. Nirmala Sitharaman to launch NPS Vatsalya Scheme on September 18, 2024</title>
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    <description>Launch of NPS Vatsalya creates a child-focused pension entry under the Pension Fund Regulatory and Development Authority, enabling enrolment of minors with issuance of Permanent Retirement Account Number (PRAN) cards via a new online subscription platform. The scheme permits parents to make flexible recurring contributions on behalf of children, offers investment options aimed at long-term wealth accumulation through compounding, and deploys simultaneous launch events across multiple locations to distribute PRAN membership to new minor subscribers.</description>
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