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HomeBusinessAgnipath To Cut Down Defence Salary, Pension Payout? See Current Budget

Agnipath To Cut Down Defence Salary, Pension Payout? See Current Budget


Government expects to chop down defence salaries and pension payouts by Agnipath scheme

Government final week got here out with a brand new Agnipath scheme, which it described as a big defence sector reform for recruiting troopers for all of the three companies – Army, Air Force and Navy.

Under this scheme, roughly 50,000 troopers, who could be known as Agniveers, will be recruited yearly and the aspirants eligible for recruitment are to be between 17.5 years and 23 years of age. 

During their service, the Agniveers might be given a beginning wage of Rs 30,000 monthly, together with further advantages which can go as much as Rs 40,000 by the tip of their four-year service.

Through this scheme, the Government plans to provide a younger profile to defence forces and in addition make them a technically adept combating unit.

However one more reason behind launching the scheme is to chop down the burgeoning pension invoice of the defence forces.

Let us take a look on the bills borne by the Government in paying pension for the three defence companies.

Defence pensions have been a serious a part of the Government’s expenditure funds. Under the Union Budget for 2022-23, pension pay-outs quantity to Rs 1,19,696 crore.

The defence pension allocation in revised estimates for 2021-22 was Rs 1.17 lakh crore. Therefore the allocation for pension for 2022-23 is 2.5 per cent greater than earlier fiscal’s revised estimates.

If the defence pension bills in 2021-22 was Rs 1.17 lakh crore, the precise pension invoice in 2020-21 was even increased at Rs 1.28 lakh crore. 

If the wage payouts for all of the three defence companies allotted on this 12 months’s funds is taken into consideration, which is round Rs 1.35 lakh crore, then the entire pension and wage invoice involves Rs 2.55 lakh crore for 2022-23, which is a good portion of the general defence funds. 

Thus this vital quantity of payout is what the Government plans to chop down over a time frame by the launch of Agnipath. 



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