NPS Vatsalya Scheme
Ministry of Finance, Department of Financial Services; regulated by Pension Fund Regulatory and Development Authority (PFRDA)
OBJECTIVE: NPS Vatsalya is a central, contributory savings-cum-pension scheme for minors. It was announced in the Union Budget 2024-25 and launched by Union
Mindmap at a glance
RevisionOBJECTIVE:
Central Government
Ministry of Finance, Department of Financial Services; regulated by Pension Fund Regulatory and Development Authority (PFRDA)
NPS Vatsalya is a central contributory pension account for minors, not a cash-grant or insurance scheme.
Central Government budgetary support
Use in Economy, Indian Polity & Governance answers
Master record fields
| Field | Detail |
|---|---|
| Name | NPS Vatsalya Scheme |
| Type / category | Central Government |
| Level | Central Government |
| Ministry / department | Ministry of Finance, Department of Financial Services; regulated by Pension Fund Regulatory and Development Authority (PFRDA) |
| Objective | OBJECTIVE: NPS Vatsalya is a central, contributory savings-cum-pension scheme for minors. It was announced in the Union Budget 2024-25 and launched by Union |
| Launch date | 2024 |
Where to use in Mains
Overview
OBJECTIVE
NPS Vatsalya is a central, contributory savings-cum-pension scheme for minors. It was announced in the Union Budget 2024-25 and launched by Union
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