Agnipath scheme is a recruitment scheme for youth to serve in the armed forces. Which of the following holds true for “Agniveers”, the youth selected under the scheme? 1. Agniveers will be given an attractive customized monthly package along with risk & hardship allowances as applicable in the three services. 2. On completion of their engagement period of five years, they will be paid one-time non-contributory Seva Nidhi Package. 3. Seva Nidhi Package is exempt from income tax. 4. Agniveers will be provided non-contributory Life Insurance Cover of Rs. 24 lakh for the duration of their engagement period in the Indian Armed Forces. Which of the statements given above is/are correct?