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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.

Question:

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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