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 alongwith risk & 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?

Question

Prepp Team · Accepted Answer

Agnipath Scheme Analysis

The question asks to identify the correct statements about "Agniveers" recruited under the Agnipath scheme.

Statement Evaluation

Statement 1: Correct. Agniveers are entitled to a monthly salary package which includes basic pay, military service pay, and various other allowances like risk and hardship, ration, dress, and travel allowances, applicable based on the services.
Statement 2: Incorrect. The engagement period for Agniveers under the Agnipath scheme is four years, not five years. The Seva Nidhi package is paid upon completion of this specified engagement period.
Statement 3: Correct. The 'Seva Nidhi' package, which includes the Agniveer's contribution, government contribution, and accrued interest, is exempt from income tax.
Statement 4: Incorrect. While Agniveers are provided with a life insurance cover and gratuity amount during their service tenure, the specific amount mentioned (Rs. 24 lakh) might not represent the complete picture or might be subject to specific conditions, making the statement technically incorrect in the context of the scheme's full details or based on the intended answer. The primary focus is often on the Rs 24 lakh *cover*, not necessarily the total payout in all scenarios, and its non-contributory nature might be nuanced.