Agnipath scheme is a recruitment scheme for youth to serve in the armed forces. Which of the following holds true for “Agniveers”, the youth selected under the scheme?
1. Agniveers will be given an attractive customized monthly package along with risk and hardship allowances as applicable in the three services.
2. On completion of their engagement period of five years, they will be paid one time non-contributory Seva Nidhi Package.
3. Seva Nidhi Package is exempt from income tax.
4. Agniveers will be provided non-contributory Life Insurance Cover of Rs 24 lakh for their duration of their engagement period in the Indian Armed Forces.
Which of the statements given above is/are correct?
Options
A1 and 2 only
B2 and 3 only
C1 and 3 only
D3 and 4 only
Show AnswerHide Answer
Correct Answer
C1 and 3 only
Model Answer
Agnipath scheme
Agniveers receive an attractive customized monthly package along with Risk and Hardship allowances applicable in all three services. Hence, Statement 1 is correct.
They are exempt from contributing to the Armed Forces Personnel Provident Fund or any other Provident Fund and do not receive gratuity or pension.
On completion of the engagement period of four years, Agniveers will be paid one one-time ‘Seva Nidhi’ package. Hence, Statement 2 is not correct.
In the case of Agniveervayu exiting before the end of their engagement period on their own request, the 'Seva Nidhi' package to be paid to them will comprise only their contribution including accrued interest thereon.
The 'Seva Nidhi' will be exempt from Income Tax. Hence, Statement 3 is correct.
Agniveers will be provided with a non-contributory life insurance cover of ₹48 lakhs for the duration of their engagement period in the Indian Armed Forces. Hence, Statement 4 is not correct.
Infographic of Agniveer pay and benefits: monthly basic pay, in-hand share and Seva Nidhi contribution for each of the four years, and the Seva Nidhi package after four years.
