SBI Loan Scheme for Agniveer: State Bank of India (SBI) has launched a special individual loan scheme for the Agnivirs admitted under the short -term Agneepath Recruitment Program of the Government of India on the occasion of 79th Independence Day. SBI announced this on Thursday. Under this loan scheme, Agnivir Jawan, who holds a salary account in SBI, will be able to receive an amount of up to four lakh rupees as a loan without any guarantee. Along with this, there will not be any processing charge on it.

Special Loan Scheme for Agniveer soldiers:

The statement further stated that the repayment period will be in line with the service period of the Agneepath scheme. Apart from this, the bank is offering a minimum interest rate of 10.50 percent to all defense personnel by 30 September 2025.

SBI Chairman C.S. Shetty said, “In SBI we believe that those who are protecting our freedom are entitled to our unwavering support in their future. The initiative has been part of the long -term commitment to the welfare of India’s armed forces through the bank’s defense salary package, which has long been available to the firemen.

Agniveer’s first batch will retire in 2026

Significantly, on 14 June 2022, the Union Cabinet approved an attractive recruitment scheme to serve the armed forces for Indian youth. This scheme was named Agneepath Yojana, and the youth admitted under it are called Agniveer. In this scheme, the youth get an opportunity to serve the army for four years, after which they will retire. Thus, by the end of 2026, the first batch admitted under the Agneepath scheme will be retired.

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