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Indian army signs MoU for salary of Agniveers

Published on October 15, 2022
Current Context: Indian Army has signed MoU with 11 banks for providing salaries to Agniveers.
Indian army signs MoU for salary of Agniveers
  • These banks include the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, etc.
  • The features and benefits offered are similar to those of defence salary package.
  • The MoUs are signed by DG, Lieutenant General V Sreehari, and senior officials of the respective banks.
  • Besides banking facilities, soft loans will also be able to the existing Agniveers.
  • These loans will help in augmenting their entrepreneurial skills.
  • Static part- Agniveers scheme was launched in June 2022 and its first batch will be joining armed forces centers by January 2023.


Q.1 How many banks have signed MoU for providing salary to Agniveers?
a. 10
b. 11
c. 12
d. 13
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