An amount of Rs. 82,332.66 crore was provided in BE 2016-17 towards payment of Defence Pensions. This included an amount of Rs. 12,456 crore towards implementation of ‘One Rank One Pension’ Scheme.
Implementation of ‘One Rank One Pension’ Scheme for the ex-Servicemen takes effect from 1.7.2014.
This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.