The Indian Military has signed memorandums of understanding with 11 Indian banks for offering banking amenities to Agniveers on enrolment below the Agnipath scheme. The MoUs had been signed by Lieutenant Normal V Sreehari, director common (Manpower Planning and Personnel Companies) and the senior officers of banks in a ceremony presided over by Lt Normal C Bansi Ponappa, the Adjutant Normal of Indian Military, the Ministry of Defence stated in an announcement.
The advantages provided below the Agniveer Wage bundle are just like the defence wage bundle, the ministry stated. The banks have additionally provided smooth loans to the exiting Agniveers to advertise and increase their entrepreneurial abilities.
The 11 banks providing banking amenities to the ‘Agniveers’ are:
1. State Financial institution of India
2. Punjab Nationwide Financial institution
3. Financial institution of Baroda
4. IDBI Financial institution
5. ICICI Financial institution
6. HDFC Financial institution
7. Axis Financial institution
8. Sure Financial institution
9. Kotak Mahindra Financial institution
10. IDFC First Financial institution
11. Bandhan Financial institution
The Narendra Modi authorities on June 14 had introduced the brand new Agnipath scheme for recruitment to military, navy and air pressure. The armed forces stated the transfer was aimed toward decreasing the age of forces and guarantee a fitter navy energy to battle future challenges. The primary batch of Agniveers below “Agnipath Scheme” will likely be becoming a member of Coaching Centres by January 2023.
The Agnipath scheme had triggered violent protests throughout many states of the nation. Nonetheless, the federal government had dominated out any rollback of the scheme and stated the defence reforms had been lengthy pending within the forces.