The central government has disbursed more than Rs 10,795.4 crore to 20.6 lakh retired defence personnel under the One Rank One Pension (OROP) scheme, which was notified five years ago, the Defence Ministry said on Friday. The yearly recurring expenditure is about Rs 7,123.38 crore
OROP ensures uniform pensions for veterans retiring in the same rank with the same length of service irrespective of when they retire. It brought considerable benefits to soldiers on retirement and put to rest the various demands they had been making over the years. The outgo in terms of expenditure on this scheme has been heavy on the national exchequer.
PM Narendra Modi greeted armed forces veterans on the fifth anniversary of BJP-led NDA government's decision to implement OROP. Prime Minister Modi on Saturday said the One Rank One Pension scheme (OROP) was a historic step to ensure the well-being of soldiers.
PM tweeted his message mentioning it as a historic step.
Today, five years ago, India took a historic step towards ensuring the well-being of our great soldiers, who courageously protect our nation. #5YearsOfOROP is a momentous occasion. India waited for OROP for decades.— Narendra Modi (@narendramodi) November 7, 2020
I salute our veterans for their remarkable service! pic.twitter.com/VmZUsJCAJP