Which of the following statements is/are CORRECT regarding Project HAKK launched by HDFC Bank?

Statement 1: Project HAKK is a joint initiative by HDFC Bank, the Indian Air Force, and CSC Academy to support defence veterans and their families by offering skill development and financial services.
Statement 2: The full form of Project HAKK is Hawai Anubhavi Kalyan Kendra.

The correct answer is Both 1 and 2.

• Statement 1 is correct because Project HAKK is a collaboration between HDFC Bank, the Indian Air Force, and the CSC Academy to offer services and skill development to veterans and their families.
• Statement 2 is correct as the full form of Project HAKK is Hawai Anubhavi Kalyan Kendra.

In News

• HDFC Bank signed MoU with Indian Air Force and CSC Academy; launches Project HAKK (Hawai Anubhavi Kalyan Kendra).

Key Points

• Project HAKK's Goal: The project aims to provide essential banking services, including pension services and financial independence support, to defence veterans and their families.
• Proposed Centres: Initially, 25 service centres are set to be established across major Air Force units to cater to the needs of veterans and their next of kin.
• Collaborators: HDFC Bank is collaborating with the Indian Air Force and CSC Academy, with the latter providing training to manage the service centres.

Additional Information

• Banking Services: The project will provide access to over 500 G2C and B2C services, including pension, Aadhaar, passport, and NPS services, for veterans and their families.
• Financial Inclusion: The initiative is a part of HDFC Bank's Parivartan program, aiming to enhance financial inclusivity for the families of defence veterans.
• Training and Support: CSC Academy will train those managing the service centres, with monetary grants provided for the first year to ensure smooth operation.