Wednesday, June 24, 2015

Getting rid of the virtual 'middleman', the Defence Ministry is implementing an ambitious plan to credit Rs 51,000 crore worth of pensions directly into the accounts of ex-servicemen, doing away with an earlier process of banks - mostly state owned - being the disbursement agency.

NEW DELHI: Getting rid of the virtual 'middleman', the Defence Ministry is implementing an ambitious plan to credit Rs 51,000 crore worth of pensions directly into the accounts of ex-servicemen, doing away with an earlier process of banks - mostly state owned - being the disbursement agency.

Faced with the mounting pressure of thousands of complaints and grievances on pensions being wrongly calculated or distributed unevenl ..

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

By Manu Pubby, ET Bureau | 24 Jun, 2015, 06.25AM IST
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