FM Sitharaman launches NPS Vatsalya scheme for minor children

Finance Minister Nirmala Sitharaman on Wednesday launched the NPS Vatsalya scheme. The scheme, which is part of the existing National Pension Scheme, will allow parents to invest in a pension account for their children. "My appeal to all parents is to gift money for NPS Vatsalya on occasions like birthdays or other occasions," Sitharaman added.