"Over 13 lakh pensioners have got OROP benefits already. In total, we have released Rs 2,300 crore till Match 17. Most of the rest will be paid by Holi" Parrikar told reporters here.
He said it is possible that about 10,000 out of the remaining over 7 lakh pensioners, might not get their dues cleared by Holi but they should not panic as the money will be received by first or second week of April.
In a statement, Defence Ministry said government accords utmost importance to the welfare of ex-servicemen and has kept its promise with regard to the "historic decision" taken on September 5 to implement the more than four decades old demand of OROP.
"Payments have begun to the concerned in record time," the Ministry said.
"More than two-thirds of the ex-servicemen have now been paid the OROP arrears. Payments have now reached the accounts of 13.02 lakh pensioners amounting to about Rs 2,293 crore. This amount has been released through Defence Pension Disbursing Offices (DPDOs), the State Bank of India (SBI) and the Punjab National Bank (PNB)," it said.
The SBI has as released up to March 17 an amount of Rs 1,337 crore to 7.75 lakh pensioners which includes family pension cases.
The PNB has released as on March 17, an amount of about Rs 350 crore to about 2.07 lakh pensioners which also includes family pension cases.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
