The Ministry of Finance meets with banks, insurance companies; discusses ways to support Agniveers

On June 16, the Ministry of Finance released a statement indicating that the Secretary of the Department of Financial Services (DFS) held a meeting with the CEOs of Public Sector Banks (PSB), Public Sector Insurance Companies (PSIC ) and financial institutions (FI). ) to identify ways in which banks and financial institutions can support Agniveers after their term ends.

On June 14, the Union cabinet approved a new recruitment program for the armed forces called “Agnipath”. The program allows young people to serve in the armed forces on a short-term contract basis, for four years.

During the meeting, it was decided that PSBs, PSICs and FIs would explore employment opportunities for Agniveers in appropriate capacities based on their educational qualifications and skills through appropriate benefits/relaxations, etc., the ministry added.

“It was also decided that banks would explore opportunities to support ‘Agniveers’ through appropriate credit facilities for skills enhancement, education for business start-up and self-employment. “, the statement from the ministry said.

The statement also said that existing government programs such as MUDRA, Stand Up India, etc., would be leveraged to expand support for Agniveers.

Center plans to support Agniveers after service

Aware of concerns about the future career prospects of Agniveers, the Ministry of Education (MoE) has also decided to launch a special three-year competency-based bachelor’s degree program for them. Under the program, 50% of the credits required for a graduate degree will come from vocational training – both technical and non-technical – received by Agniveers.

The remaining 50% of credits will come from a basket of courses covering a variety of subjects such as languages, economics, history, political science, public administration, sociology, mathematics, education, trade, tourism, vocational studies, agriculture, jyotish and capacity building courses on environmental studies and communication skills in English.

Agniveers to get priority recruitment

On June 15, a day after the launch of the Agnipath scheme, Union Home Minister Amit Shah declared the recruitment of Agniveers into the Central Armed Police Force (CAPF) and Assam Rifles a priority. Madhya Pradesh CM Shivraj Singh Chouhan has said that Agniveers will be given priority to join the recruitment of Madhya Pradesh Police and Haryana CM Manohar Lal Khattar has pledged priority to Agniveers when it comes to recruitment for government jobs. State.