Agnipath Scheme at Five Years

The Government of India replaced its regular recruitment process for Indian Armed forces to 'Agnipath Scheme' on 14 June 2022 which now about to complete five-year tenure. This scheme includes four-year tenure of service including six-months training, with 25 percent of intake rate and 75 percent rate for exit. On the fiscal dimension, this scheme succeeded, as it projected to save ₹90,000 Cr annually by 2040 by transitioning from regular pension scheme to definite contribution to the armed personnel with Rs. 11.72 lacs as seva-Nidhi…