AGNIPATH SCHEME
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In News
- The Union Government has announced the AGNIPATH Scheme.
- The objective of the Scheme is to encourage youth to serve in the Armed Forces for 4 years.
- The youth selected under the scheme will be known as Agniveers.
- They will get an attractive monthly package with Risk and Hardship allowances.
- They will be paid a one-time Seva Nidhi package after the engagement of four years.
- It will be exempt from Income Tax.
- Agnipath Scheme will positively impact the Human Resources Management of the Armed Forces.
- They will get a salary of Rs 30,000 to Rs 40,000 per month and an allowance as applicable.
- There shall be no entitlement to gratuity and pensionary benefits.
- They will get a Life Insurance Cover of Rs 48 lakh during their service in the Indian Armed Forces.
- About 25% of Agniveers will be selected in the Armed Forces as regular cadres.
- The eligibility age limit will be in the range of 17.5 to 21 years, and they will be selected based on all India-level competitions.
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