Getting rid of the ‘middleman’, Defence Ministry’s ambitious plan will do away with the earlier process of banks that used a 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 unevenly, the MoD has sanctioned a new policy to directly send money to ..