The actor made an appeal to raise money and in no time, people donated over Rs 12.93 crore towards the cause.
The anthem, sung and composed by singer Kailash Kher, was launched at the event which was also attended by Union Home Minister Rajnath Singh, his deputies Kiren Rijiju and Hansraj Ahir, National Security Advisor Ajit Doval, Home Secretary Rajiv Gauba.
Watch the theme song:
"I ask everyone who loves music to download this anthem. Whatever money will come from this anthem's downloads will be donated to this initiative," said Kailash Kher.
Talking at the event, Rajnath Singh lauded Akshay for the role he is playing in taking forward the initiative to help the soldiers' families.
Akshay, who is the brand ambassador of the Bharat Ke Veer initiative, said," Like the minister said, we have to come to ask everybody's help for this (initiative). With my folded hands, I ask everybody here plus all our countrymen to help this initiative in a very big way."
(With PTI and IANS inputs)