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    Question

    The government has recently announced that the minors

    can also subscribe to the NPS scheme. What is the name of the scheme of NPS for minors?  
    A NPS Swavalamban Correct Answer Incorrect Answer
    B NPS Vatsalya Correct Answer Incorrect Answer
    C NPS Sukshma Correct Answer Incorrect Answer
    D NPS Alpvyasak Correct Answer Incorrect Answer
    E NPS Shishu Correct Answer Incorrect Answer

    Solution

    (NPS Vatsalya) scheme was announced in the Union Budget 2024-25 on July 23, 2024. It is an innovative pension scheme designed exclusively for minors, marking a significant advancement in financial planning and setting a new standard for prudent financial management from a young age .   Under the NPS Vatsalya scheme, all minor citizens up to the age of 18 are eligible to open an account. The account is opened in the name of the minor and managed by their guardian until the child reaches adulthood, ensuring that the minor remains the sole beneficiary throughout the process.  

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