Making an attractive NPSA, Minister of Finance Unirmala Sitarman on the proposed Saturday Deliverance Tax Provision Taxation Offering Rs 50,000 per year under the program.
“I also propose to allow the same treatment to the NPS Vasalaya accounts as available in the NPS accounts of NPS, according to complete limits,” said while in a budget 2025-26 in Lok Sabha.
However, the tax benefits will be given by those who choose the old tax government.
The NPS-VATESALYA scheme has announced at the Union Budget 2024-25 as a Program for parents and monitors to contribute to younger accounts, was established in September 18, 2024.
89,475 subscribers have joined a system with a 61.98 crore. Subscribers under Scheme can also increase the tax deduction from the budget.
Parents can sign up to NPS VATESALA online or visit the bank or post office. A slight contribution to open VATHALYA account with Rs 1,000. The subscribers will have to donate RS 1,000 a year afterwards.
Under the NPS Vasalya Program, all citizens arrive at 18 years are eligible to open an account.
The account is open on the name of the minimum and managed by their caregiver until the child reaches adulthood, ensures that the smaller is always beneficial to the process.
When you reach adulthood, an account can be changed outside the seams into a general account of the NPS or other NPS program.
By promising to accumulate for the power of the wealth of integrating, the NPS Vasalaya Invies providing a modest and secure financial future registered, in line with government’s commitment to broad financial well-being.
In terms of Kisan Credit Cards (KCC), the budget improves the limit to Rs 5 Lakh.
“The KCC simplifies the short term of the work of 7.7 farmers, fishermen, and dairy limit under RS ​​3 Lakh to Rs 5 Lakh to the KCCs taken by KCC,” he said.
The converted convention scheme (MISS) is introduced in 2022 for seeds of interest 1.5 percent by the provision of KCC funds available for KCC for RS 3 percent of 7 percent interest a year.
Further interest rates are provided to speedy payment farmers, which reduce the quality of interest in 4 percent.
He also announced the NABFID to set the ‘debt that is part of the debt’ obligations for the infrastructure organization.