SBI Special Personal Loan for Agniveers up to Rs 4 Lakh
Why in the news
State Bank of India rolled out a dedicated personal loan for Agniveers, recruits under the government’s Agnipath programme, timed with the 79th Independence Day.
Key facts
| Term | Detail |
|---|---|
| Loan size | Up to Rs 4 lakh for Agniveers holding an SBI salary account |
| Security | No collateral needed |
| Repayment | Tenure aligned with the Agnipath term, for flexibility |
Objective
The scheme aims to give financial support and ease during and after service, helping Agniveers move smoothly into civilian life.
Exam angle
- Bank: SBI; target group: Agniveers (Agnipath scheme).
- Maximum amount: Rs 4 lakh, with no collateral.
- Launch timing: 79th Independence Day.