Early saving for children key to leveraging India’s youth dividend, says PFRDA Chairman Mohanty
Speaking to CNBC-TV18, Deepak Mohanty, Chairman of PFRDA noted that within just ten days of its launch, NPS Vatsalya has attracted around 27,000 children, the majority of whom have joined through the eNPS platform, a self-initiated digital enrolment system. He emphasised that India’s youthful demographic makes this the ideal time to inculcate a saving habit.
Speaking to CNBC-TV18, Deepak Mohanty, Chairman of PFRDA noted that within just ten days of its launch, NPS Vatsalya has attracted around 27,000 children, the majority of whom have joined through the eNPS platform, a self-initiated digital enrolment system. He emphasised that India’s youthful demographic makes this the ideal time to inculcate a saving habit.
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The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.