Defence ministry to directly disburse Rs 51,000-crore pension, benefitting 24 lakh ex-servicemen

The Defence Ministry is implementing a plan to credit Rs 51,000 crore worth of pensions directly into the accounts of ex-servicemen. The MoD has sanctioned a new policy to directly send money to pensioners through the Real Time Gross Settlement (RTGS) process.

Ministry faced the pressure of thousands of complaints and grievances on pensions, So the MoD has sanctioned a new policy to directly send money to pensioners.

About Defense Ministry

  • Defence Mini9stry is charged with co-ordinating and supervising all agencies and functions of the government relating directly to national security and the Indian armed forces and has the largest budget of the federal departments of India.
  • Headquarters: Cabinet Secretariat, New Delhi
  • Minister of Defence; Mr. Manohar Parrikar
  • Formed: 1776

Related Questions:

  • Who was the former Minister of Defence?(Mr. Arun Jaitely)
  • who was the first Minister of Defence? (Mr. Baldev Singh)

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