New Delhi, Oct 15, 2022, By Special Correspondent

New Delhi, Oct 15: The Indian Army has signed historic MoU with 11 banks for providing banking facilities to Agniveers on enrollment.

The banks are: State Bank of India, Punjab National Bank, Bank of Baroda, IDBI Bank, ICICI Bank, HDFC Bank, Axis Bank, Yes Bank, Kotak Mahindra Bank, IDFC First Bank and Bandhan Bank.

The MoUs were signed by Lt Gen V Sreehari, DG (MP & PS) and senior officials of the banks at an event chaired by Lt Gen C Bansi Ponappa, the Adjutant General of Indian Army, on October 14.

The features and benefits offered under Agniveer Salary Package are similar to the Defence Salary Package, an official release said here Saturday.

In addition, the banks have offered soft loans to exiting Agniveers to promote and enhance their entrepreneurial skills. 

The first batch of Agniveers under “Agnipath Scheme” will be joining various Training Centres by January, 2023.