The government launched the #Agnipath Scheme this week to employ army personnel for the Military, Naval Force, and Air Force. Its goal is to minimize the armed forces’ age range and reduce pension bills. Excess spending on Salaries and Pensions rather than on much-needed army modernization is the reason behind introducing the #agnipath scheme.
Let’s take a glimpse at the #agnipath scheme:
Unveiling the ‘Agnipath Scheme’, the defence minister Rajnath Singh said the “transformative initiative would provide a youthful profile to the Army, the Navy and the Air Force”. Under this scheme, men and women between the ages of 17.5 and 23 will be brought into the armed forces. A total of 46000 soldiers will be recruited this year on 4 years contract. The youngsters who will be given an opportunity to serve in the armed forces will be called ‘#Agniveer’.
What will be the terms of service for Agniveers?
Post 4 years, 25% of the Agniveers will be retained or re-enlisted in the regular cadre based on merit and medical fitness. His willingness will also be considered. They will have to serve for 15 years. The rest of the 75% #agniveers will be demobilised with a ‘Seva Nidhi’ package of Rs 11-12 Lakh.
Terminal Benefits for Agniveers:
Each Agniveer will contribute 30% of the monthly salary to the individual’s Agniveer Corpus Fund.
On release, a one-time Seva Nidhi package of approx. Rs 11.71 Lakh will be paid
It will compromise Agniveer's contribution, interest thereon and matching contribution from the government
Agniveers will be given an option for a bank loan.
Let’s check out statistical insights: