NEW DELHI: The finance ministry on Thursday held a meeting with heads of public sector

Banks and financial institutions to explore employment opportunities for 'Agniveers' in their respective organisations.

The Union Cabinet on June 14 approved a short-term recruitment scheme for the armed forces called Agnipath.

The youth selected under this scheme will be known as Agniveer.

It was also decided that banks would explore possibilities of supporting Agiveers

Through suitable credit facilities for skill upgradation education for setting up businesses and to take up self-employment a finance ministry statement said.

The existing government schemes such as Mudra and Stand Up India would be leveraged for extending such support to Agniveers it added.

In order to identify ways in which the banks and financial institutions can support the Agniveers on completion of their tenure of duty, the Secretary

Department of Financial Services DFS held a meeting with chief executives of public sector banks

PSBs public sector insurance companies PSICs and financial institutions FIs here

In the meeting, Joint Secretary, Department of Military Affairs made a presentation on the salient aspects of the Agnipath scheme

During the meeting, it was decided that PSBs, PSICs and FIs would explore employment opportunities for Agnives